Wall Street Journal
February 17, 2011
The euro zone continued to attract foreign capital in December, despite its chronic problems with sovereign and bank debt, according to ECB data released Thursday.
Net portfolio inflows rose to €37.5 billion ($50.89 billion) in December from €13.1 billion in November. That included inflows into debt instruments of €28.7 billion, their highest since May, and an increase from €26.2 billion in November.
Separately, Euro-zone consumer confidence improved more rapidly than economists predicted in February, with residents' reduced fear of job loss thought to have bolstered sentiment.
The European Commission said Thursday its measure of consumer sentiment in the 17 countries that use the euro rose to -9.9 in February from -11.2 in January, recovering somewhat after two straight months of decline. The below-zero balance still indicates that more survey respondents had a negative outlook than positive.
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