Tag Archives: Germany

The headline German IFO Business Climate Index advanced to 90.2 in January versus the previous reading of 88.6 and the forecast of 90.2. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as against December’s 94.4 and 95.0 expected. The IFO Expectations Index – indicating firms’ …

Russia on Thursday warned that the Ukraine war will escalate if the West insists on providing Kyiv with longer-range weapons. Since the conflict broke out, the US has sent advanced and high-precision weapons and other military equipment to Ukraine to help the war-torn nation against Russian aggression. The aid included …

This weekly recap is tracing key developments across most financial assets during the previous trading week that witnessed the release of the CPI data in the United States and improved risk appetite benefiting some assets while impacting others:US DollarThe dollar was slightly lower against most of its G10 counterparts to …

Germany’s preliminary Gross Domestic Product (GDP) expanded by 1.9% on an annualized basis in 2022 when compared to the +1.8% market consensus and +2.6% previous, Statistisches Bundesamt Deutschland reported on Friday. Gross domestic product growth came in at 1.9 percent in all of 2022, compared with expectations of 1.8 percent growth …

Inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), declined to 9.2% on a yearly basis in December from 10.1% in November, Eurostat announced on Friday. This reading came in below the market expectation of 9.7%. The annual Core HICP rose to 5.2% from …

Data released on Tuesday has showed inflation slowdown in December in Germany more than expected. The Consumer Price Index (CPI) declined to 8.6% in December from 10% in November, but, in fact, core inflation increased further and added inflation will likely surge again in January.German inflation fell sharply from 10.0% …

Germany’s finance ministry expects activity in Europe’s biggest economy to remain subdued during the fourth quarter of this year and first quarter of next and sees declining inflation rates during 2023, it said in its monthly report per Reuters.The EUR/USD pair is still unchanged around 1.0600, paying little attention to …

The headline German IFO Business Climate Index climbed to 88.6 in December versus the previous reading of 86.3 and the forecast of 87.2. Meanwhile, the Current Economic Assessment improved to 94.4 points in the reported month as against November’s 93.1 and 93.5 expected. The IFO Expectations Index – indicating firms’ projections …

Trade Balance data in the United States has indicated shows the deficit widening, a headwind for the US Dollar. Germany’s Factory Orders helped the Euro to hold buoyant amid low expectations, while December’s monetary policy meetings by the Fed and the ECB will help to keep the EUR/USD pair within …

Germany’s Retail Sales decreased by 2.8% MoM in October versus -0.6% expected and 0.9% previous, the official figures released by Destatis showed on Thursday. On an annualized basis, the bloc’s Retail Sales came in at -5.0% in October versus the -2.8% expected and a 0.9% drop recorded in September. The …