On Friday, the dollar headed for the most extended period of weekly losses in nearly three years as traders reinforced expectations that the Federal Reserve is about to end the cycle of raising interest rates after indications that inflation may subside. Thursday’s data showed US wholesale prices, which are measured …
Read More »German exports rose more than expected in February
Data on Tuesday showed a much bigger-than-expected rise in German exports in February, thanks to strong demand from the United States and China, marking their biggest increase in 10 months. The Federal Statistical Office said exports increased 4 percent compared to the previous month. A Reuters poll had forecast a …
Read More »Financial Markets’ Weekly Recap, March 27-31
Wall Street rose on Friday, with the Nasdaq index posting its biggest quarterly percentage gain since June 2020, after signs of easing inflation raised hopes that the Federal Reserve would soon end its aggressive campaign to raise interest rates. The Standard & Poor’s 500 Index posted gains for the second …
Read More »German consumer sentiment set to improve in April
GfK’s forward-looking consumer sentiment index for April rose to -29.5 from a revised -30.6 in March, coming in a touch below consensus expectations of -29.2. The headline expectations index fell to 3.7 from 6.0, while the income expectations index improved to -24.3 from -27.3. The propensity to buy index ticked …
Read More »German ZEW Economic Sentiment Index declines to 13.0 in March
The German ZEW headline number showed that the Economic Sentiment Index worsened in March, arriving at 13.0 from 28.1 in January, missing the market expectation of 16.4. Meanwhile, the Current Situation Index came in at -46.5 from -45.1, worse than the market expectation of -45.8. During the same period, the Eurozone …
Read More »Financial Markets’ Weekly Recap, March 13-17
Wall Street finished lower on Friday, capping off a turbulent week marked by an evolving banking crisis and the gathering storm clouds of a possible recession. All three indexes finished the session in the red, with financial stocks falling the most of the S&P 500’s major sectors. All three indexes …
Read More »Financial Markets’ Weekly Recap, March 6-10
Last week, as China seeks to intensify its efforts to reduce stubborn financial risks and technological bottlenecks during President Xi Jinping’s third term, the country kept the top leaders at the central bank and the Ministry of Finance unchanged.In the United States, a government study on Friday renewed hopes of …
Read More »German exports grew in January thanks to strong US demand
Data on Friday showed German exports grew more than expected in January, rising 2.1 percent month-on-month after declining in December, thanks to strong demand from the United States and Britain. A Reuters poll had expected exports to rise 1.5 percent month on month. The data showed that exports to the …
Read More »Germany: Annual HICP edges higher to 9.3% in February
Inflation in Germany, as measured by the Consumer Price Index (CPI), stayed unchanged at 8.7% on a yearly basis in February. This reading came in higher than the market expectation of 8.5%. On a monthly basis, the CPI was up 0.8%. Meanwhile, the annual Harmonised Index of Consumer Prices (HICP), …
Read More »German GDP contracted 0.4% in Q4
The German economy contracted at the end of last year as inflation and the energy crisis affected household consumption and capital investment. The Federal Statistics Office said on Friday that the country’s economy contracted 0.4 percent in the last quarter of 2022 compared to the previous three months. Preliminary data …
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