weaker Eurozone and uncertainty over Russia/Ukraine conflict and Middle East are main factors No surprises there Rtrs reporting
Prior -1.8%. Revised to -1.7% -0.5% vs +0.3% exp y/y. Prior 1.3% revised to 1.1% The German econ ministry says Q2 was weaker as expected, particularly in construction and the Ukraine crisis may have weighed. Ordering activity and indicators signal … Continue reading
Germany sees no need to cut economic outlook due to Russian sanctions Will monitor economic sanctions impact closely Uncertainty weighed on German June industrial orders Russian army exercise not helping de-escalation A mix of German spokespersons popping up on Bloomers. … Continue reading
Out a little earlier and still in contraction for the 4th straight month.
Prior 54.6 Composite PMI 55.7 vs 55.9 exp. Prior 54.0 EUR/USD has tested 1.3400 with a low of 1.3402
Ok it’s all relative and there’s a lot of doom n gloom out there right now but figures reported earlier by the KBA ( Germany’s Federal Motor Transport Authority ) saw new car registrations up 6.8% in July, the second … Continue reading
Far from just imposing sanctions on Russia that block future defence contracts it appears Germany is stepping above and beyond by halting Rheinmetall’s export of combat simulation gear to Russia Berlin’s intention to stop the deal, flagged in March, has … Continue reading
A report from Germany newspaper Handelsblatt says that a Forsa survey of 502 business executives shows an overwhelming majority against higher wages. 62% of execs said that higher wage settlements in Germany are not appropriate and 54% say that higher … Continue reading
52.9 prev Oooh, EURUSD dips 2 pips !
July 2014 German ZEW economic sentiment index 27.1 vs 28.0 exp Prior 29.8 Current conditions 61.8 vs 67.0 exp. Prior 67.7 2014 has not been a good year so far for this economic index as it’s been sliding since Feb. … Continue reading