This morning, the Eurozone Manufacturing PMI, a reading based on data from Germany, France, Italy, Spain, Ireland, Austria, Greece and the Netherlands came in stronger than expected.
The Euro region has been a major worry going back to the Greek crisis which hit in full force in May of this year 2010.
This reading could be a one time event and if so a negative next reading would put concerns back into the markets. Things usually never move in a straight line, but in our opinion, based on company executives comments, economic growth is beginning to kick in for our neighbors across the pond.
Remember, we are all connected now, as the world is a smaller place.
Have A Good Day!