- ECB President Mario Draghi
Eurostat reported on Tuesday that producer price inflation in the eurozone held still in September, as the cost of energy fell. The producer price index came in line with analysts' expectations, adding 2.7% in September compared to the reading in the previous month. On a monthly basis, PPI added 0.2%, down from 0.9% in the prior month. The largest increase was observed in Germany, with PPI jumping 0.3%, while factory prices in Greece lost 0.6%
"Some things have improved in the last two or three months, but I think the road ahead is still long and it's uphill," ECB President Mario Draghi said of the economy last month.
"A key issue is whether the global economy is just hitting another bout of turbulence in what was always expected to be a slow and bumpy recovery or whether the current slowdown has a more lasting component," the IMF said.
The Stoxx Europe 600 Index added 0.56 per cent to 274.74. Germany's DAX Index jumped 0.70 per cent to 7,377.76, while France's CAC 40 Index soared 0.87 per cent to 3,478.66.
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