Eurozone Economy Narrowly Avoids Recession, Microsoft Earnings in Focus
TL;DR Summary
Germany's Q4 GDP figures show a small decrease, preventing the country from entering a technical recession, while the Euro Area narrowly avoids a recession with no growth in Q4 following a slight contraction in Q3. Key upcoming events include the US consumer confidence report, the FOMC meeting, the Bank of England's quarterly forecast, and earnings reports from major companies like Apple. Technical analysis indicates sideways trading for the US dollar index, stabilization of the euro, sideways movement for cable (GBP/USD), slight gains for gold due to geopolitical tensions, and a potential reversal for dollar-yen.
- Euro Area avoids a Technical Recession, Microsoft Earnings Now Key DailyFX
- Europe's Stagnating Economy Falls Further Behind the U.S. The Wall Street Journal
- Europe narrowly avoids a recession CNN
- Eurozone Economy Flatlines, Raising Concerns About Falling Behind The New York Times
- Euro zone economy narrowly skirts recession, stagnates in fourth quarter CNBC
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