The Trader's Guide To European Economic Indicators

Many North American investors have a tentative grasp, at best, of the intricacies of data watching and monetary policy in Europe. Similarly, many investors based in Europe don't fully understand the difference between the way the Bank of England, the European Central Bank, the Federal Reserve, the Norges Bank, the Riksbank, and the Swiss National Bank operate. With the global implications of the mounting European debt crisis, there's never been a greater need for a book like this. The first comprehensive guide to a user-friendly guide to all the European economic indicators that matter for finance professionals, it explains and compares the essentials of the full range of key euro indicators.

• The only comprehensive guide to the key European economic indicators, and how to read and interpret them
• Covers indicators for Germany, and how they compare with those in the U.K., Switzerland, Norway, Sweden, and the U.S.
• Explains the differences between a budget deficit, a primary deficit, a structural deficit, and a cyclically adjusted deficit
• Fills you in on the key differences between the European and US approach, such as why Europe targets headline inflation instead of core inflation like the Federal Reserve

David Powell (London, UK) is a Senior Economist at Bloomberg LP based in London where he writes the daily Bloomberg Brief on economic developments in Europe, as well as publish a weekly Bloomberg Currency Chart Book with analysis of foreign-exchange market, forecast macroeconomic variables for the euro-area and G-10 exchange rates, present views on the European economy and currencies to Bloomberg clients around the globe, write real-time analysis of European economic indicators for Bloomberg First Word, and discuss economic and financial market developments on Bloomberg TV. Prior to this David was a G-10 Currency Strategist, Vice President at Bank of America — Merrill Lynch where he forecasted G-10 FX rates with primary responsibility for Norway, Sweden, Switzerland, and the UK, presented the views of the currency strategy team to the European client base and internally, developed trade recommendations based on fundamental and technical analysis, contributed analytical pieces to the weekly and monthly publications of the global FX strategy group, wrote morning commentary on the currency markets and verbally delivered to the trading floor and analysed high frequency economic data for the FX traders and sales force. He holds a master's degree from the London School of Economics, where he wrote his dissertation on the creation of monetary union in Europe, and a bachelor's degree from New York University.