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ECB Executive Board member Philip Lane said euro area growth is slowing more than expected, mainly due to external factors such as protectionism and geopolitical risks. He noted weak global trade and manufacturing, while domestic demand remains resilient.
Weaker euro area and global trade growth signals softer demand for imported feedstuffs and industrial goods, a mildly bearish factor for commodity demand from Europe.
ecb.europa.euEuropean Central BankSep 16, 2019After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
