We’ve seen a strong rebound in the Eurozone ESI this morning, although it was shy of the consensus forecast. As noted in my earlier posts, this key leading economic indicator of the European business cycle is watched by many professional money managers (including myself and Lex) to anticipate the future direction of the EuroStoxx 50 Index and other related markets. Today’s release marks the second consecutive increase from the low of 64.8 seen in April.
If you would like to learn more about this and the many other indicators that Lex and I follow as professional investors, check out our Million Dollar Traders online course and join me for my weekly updates at the Trading Club.
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