„This is an excellent compendium for both the newcomer andexperienced practitioner in European financial markets. DavidPowell covers the ground from the basics to the intricacies of thepresent crisis of the euro area, and provides a trader active inthese markets, in a concise way, all the necessary backgroundinformation.“
--Thomas Mayer, senior advisor and former chief economist, Deutsche Bank
„A comprehensive, compact, easily accessibleand readable book. A must-read for those who want to get anoverview of trading-related aspects of the euro area.“
--Klaus Wohlrabe, coordinator of the Ifo Surveys and deputyhead of the Business Cycle and Survey Department, IfoInstitute
"There was a time when investors in theglobal financial markets did not devote a lot of their attention tothe monthly trends in euro-area economic indicators. The reason forthat was simple - U. S. economic data was the principal driver ofglobal financial market trends. That is clearly no longer the case. The spillover effects that the European sovereign debt crisis havehad on the rest of the world have made it critically important forinvestors to understand the economic and political backdrops in theeuro area, and to stay on top of the latest economic and financialmarket trends in the member countries of the monetary union. Upuntil now there was no easily-accessible guidebook to helpinvestors navigate through the myriad gobs of data coming out ofthe euro area as a whole, and the individual member countries inparticular. David Powell's book is the first serious work toaddress these issues, and it is done masterfully. It provides anexcellent overview of all key euro-area economic indicators ofwhich data watchers need to stay abreast. Investors who want tostay ahead of the game will find David Powell's book bothcomprehensive and accessible - clearly the most up-to-date text forthose who want to get a better handle of euro-area economic andfinancial market trends."
--Michael Rosenberg, former head of internationalfixed-income research, Merrill Lynch, and former head offoreign-exchange research, Deutsche Bank
The Trader's Guide to the Euro Area
Economic Indicators, the ECB and the Euro Crisis
von David J. PowellIn the meantime, analysts, portfolio managers and traders willstill have daily, weekly, quarterly and annual benchmarks. Theywill have to analyze economic developments in the euro area andtheir impacts on financial assets. The objective of this book is toprovide a framework for that analysis that is comprehensible tomost financial market participants.
The book begins with a focus on coincident and leading economicindicators for the euro area. The following section looks ateuro-area institutions. The next chapter focuses on the eurocrisis. It attempts to provide an explanation of its origins and aglimpse of the potential outcomes. In addition, the tools needed toanalyze the crisis as it evolves are presented. The lastsections provide information unique to the economies of Germany, France, the U. K., Switzerland, Sweden and Norway.
