Eurozone Business Activity Surges, Inflation Rises, ECB Rate Hikes Expected

The S&P Global Flash Euro Zone Composite PMI Output Index jumped to 53.1 in September, defying expectations for a slowdown. This robust growth, coupled with rising input costs due to elevated energy prices, suggests persistent inflationary pressures. The European Central Bank has already raised rates twice this year and is expected to hike again, with markets pricing in more increases by June. This could strengthen the Euro, potentially weakening the US Dollar Index and influencing international gold prices, while also impacting the global economic outlook for Pakistani investors.

بحوالہ / Source: www.brecorder.com