"Manufacturers appear to be benefiting increasingly from a sustained easing of sovereign debt tensions, reducing uncertainty and lifting business confidence," said Howard Archer, chief European economist at IHS Global Insight. "If this continues, businesses should become increasingly more prepared to place manufacturing orders that have been delayed or cancelled."Further good news emerged with Eurostat reporting that inflation in the eurozone fell to 2 percent in the year to January, well below expectations for a modest increase from the previous month's 2.2 percent. As a result, prices are rising more or less in line with the European Central Bank's mandate of "close to, but below 2 percent."
Eurozone Unemployment Holds Steady At 11.7 Percent
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts