Sentiment on the European markets has improved, claims the daily Puls Biznesu citing recent data from Eurostat, which reported that industrial production in the region rose 0.7% in December, following an equivalent drop in November. It’s the biggest rise the sector has experienced since August 2012.
“Capital market players believe Europe’s crisis is already behind us. The positive macroeconomic data from the last two month seem to justify the statement,” says Paola Monperrus-Veroni of Credit Agricole. According to Bloomberg, GDP growth could stay steady throughout third and the fourth quarter of 2012.
“The US and Asian market see some significant improvement recently, which is positively affecting the Eurozone. This is why we believe the situation is likely to improve on European markets,” says Paola Monperrus-Veroni.
