Matsys D Trade Signals
<
The ECB under pressure after weak sales and job losses
The European Central Bank will begin the New Year under pressure to keep cutting interest rates after retail sales and loans to households and companies grew at the slowest pace in four years. Retailers reported sales, jobs and profit margins all contracted this month as the deepening recession curbed consumer confidence and spending. “The ECB will have to go further,” said Gilles Moec, an economist at Bank of America Corp. in London and a former Bank of France official. The euro region faces