WEEKLY COMMENT MM PRIME TFI S.A. - November 24, 2014
Last week has provided a great deal of emotions and substantial volatility. This was influenced by a number of macroeconomic data releases as well as the words of the head of the ECB. At the beginning it seemed that investors’ moods could be affected by poor data from Japan, where GDP fell by 1.6%. This was interpreted as ‘bad news is a good news’ as it calls for more quantitative loosening by the BoJ. Serious threat could have been disappointing data from the Eurozone - PMI from France and Germany was surprisingly poor.