Growth in Eurozone looks like a 'total loss' for 2014: Steen Jakobsen, Chief Economist at Saxo Bank With Eurozone GDP figures out on Thursday, Saxo Bank Chief...

Saxo Capital Markets Australia

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Growth in Eurozone looks like a 'total loss' for 2014: Steen Jakobsen, Chief Economist at Saxo Bank With Eurozone GDP figures out on Thursday, Saxo Bank Chief Economist and CIO Steen Jakobsen says the signs aren't good. While predicting a quarterly growth figure of 0.1%, Jakobsen warns there is also a risk growth could be negative, as industrial production in three of four European industrial nations (Germany, France and Italy) have fallen. Jakobsen says the slowdown in Asian economies has resulted in fewer German exports being sold there, and export orders within Europe are also down ten per cent. Jakobsen says this hasn't changed his trading strategy which has predicted low growth since January, and while it may be boring, he believes fixed income will continue to do well, and warns equity investors should be cautious: After a good run, it may be time to take some money off the table. (VIEW LINK)


Saxo Capital Markets Australia
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Saxo Capital Markets (Australia) Pty Ltd is a wholly owned subsidiary of Saxo Bank A/S, a global online trading platform specialist. We enable investors the ability to trade FX, CFDs, Stocks, Futures & other derivatives from one account....

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