With Infosys buying in UK (although that may not have anything directly to do with the euro weakening, it was the pound that took the pounding that prompted Infosys to go strike).
Will the increasingly euro lead to Asia companies going after SI and other Consulting firms within the Euro such as CapGemini etc?
Source FT
Will the increasingly euro lead to Asia companies going after SI and other Consulting firms within the Euro such as CapGemini etc?
The Ifo index had been expected to fall this month, but recent falls in oil prices and the euro – which has dropped about 8 per cent since its mid-July peak against the dollar – had been expected to boost optimism about the future.
The latest weak data sent warning signals to the European Central Bank, said Julian Callow at Barclays Capital. “Even Europe's biggest economy, which had in recent quarters been supporting overall euro area growth, is stalling - providing further evidence that the euro area will require an easing in monetary conditions,” he said.
The ECB publishes revised eurozone forecasts next week but with inflation in the 15-country region still double its target of an annual rate “below but close” to 2 per cent, it is widely-expected to keep its main interest firmly on hold for some time.
Source FT
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