Euro Zone Morale at Two-Year High

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Euro Zone Morale at Two-Year High (Reuters)

European consumer morale rose to its highest point since Summer 2011 this month, reaching -14.9 points in September from -15.6 in August. The jump was even more pronounced when including EU countries with non-euro currencies, hitting -11.7 points in September from -12.8 in August. Though the situation is improving, the European economy is still fragile, as countries like Greece, Portugal and Spain are struggling.

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Comments from St. Louis Fed President James Bullard that the U.S. Federal Reserve could announce tapering after its next meeting at the end of October led gold to fall three percent today.

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