Portugal Mar Current Account Balance improves to €-0.022B vs €-0.276B (Feb)

May 22, 2013

European equities fall across the board Wednesday

The European stock market was negative across the board Wednesday, with many investors anxiously awaiting the FOMC minutes during the later session today. Economic data has been highly subdued this week – however, in the EMU, the Current Account s.a came in at €25.9B in March, against expectations of only €15.0B. In addition, the Current Account n.s.a has yielded a figure of €24.8B, which marks an improvement from €11.5B previously.

Euro bulls warming up

Renewed optimism surrounding the shared currency plus some profit taking in the recent USD rally have drifted EUR/USD from the area of 1.2820 on Monday to the current highs in the vicinity of 1.2840/45, as...