Investor confidence in Germany took a notable hit in November, clouded by the combined impact of domestic political turmoil and global economic uncertainties stemming from Donald Trump’s re-election as U.S. president. The ZEW Institute reported a substantial decline in its economic sentiment index, which dropped to 7.4 points from 13.1 …
Read More »Germany’s Services Sector Sees Modest Growth in October, But Demand Weakness Persists
Germany’s services sector experienced a slight improvement in October, with the HCOB Germany Services PMI rising to 51.6 from 50.6 in September, marking its first growth acceleration in five months. Although this three-month high signals expansion, underlying demand remains fragile, as shown by a drop in new business for the …
Read More »What Could Eurozone Economy Expect from Trump or Harris?
As the US prepares to elect a new president, analysts have outlined what a Trump victory could mean for the global economy. However, Europe could expect from Democratic candidate Kamala Harris, who has stated that her presidency would not be a continuation of Joe Biden’s presidency. In terms of domestic …
Read More »Germany’s Manufacturing Sector Shows Signs of Stabilization Amid Continued Contraction
The decline in Germany’s manufacturing sector moderated in October, with the HCOB Germany Manufacturing PMI edging up to 43.0 from September’s 40.6, marking a three-month high. However, this index, compiled by S&P Global, remains well below the neutral 50-point level, signaling ongoing contraction. Key Points from October PMI Data Output …
Read More »German Inflation Eases in September, Supporting ECB Case for Potential Rate Cut
Preliminary data showed that inflation eased across key German states in September, indicating a possible decline in inflation rates across Germany as a whole, the largest economy in Europe. This development strengthens the argument of the European Central Bank (ECB) policymakers who are advocating for another rate cut. Key State …
Read More »Germany’s Unemployment Rate Exceeds Expectations in September
The number of unemployed individuals in Germany increased more than anticipated in September, according to data released by the federal labor office on Friday. The report indicated that the number of unemployed rose by 17,000, reaching a total of 2.82 million when adjusted for seasonal variations. Analysts surveyed by Reuters …
Read More »Market Drivers; US Session, September 09
The US Dollar continued its upward trajectory on Monday, despite a general decline in US Treasury yields. This positive sentiment reflects steady expectations that the Federal Reserve will implement a rate cut at its upcoming meeting.The US Dollar Index (DXY) reached its highest level in three days, approaching 101.80. Investors …
Read More »Germany’s Services Sector Growth Slows for Third Consecutive Month in August
Germany’s services sector continued to lose momentum in August, marking the third consecutive month of slowing growth, according to a survey released on Wednesday. This trend adds to growing concerns about the overall health of Europe’s largest economy. The HCOB final services Purchasing Managers’ Index (PMI) dropped to 51.2 in …
Read More »Explainer: Are markets facing a looming debt crisis?
The United States, burdened by a staggering $28 trillion national debt, is facing a looming fiscal crisis. The increasing interest payments on this colossal debt, now surpassing defense spending, are a stark indicator of the nation’s precarious financial position. This escalating debt burden is a bipartisan legacy, with both recent …
Read More »The China Hangover: A Global Economic Headache
China’s rapid ascent from a developing nation to a global economic powerhouse in the early 21st century was nothing short of astonishing. Fueled by massive investments and a seemingly insatiable appetite for commodities, the country became the world’s factory and a key driver of global growth. This era witnessed a …
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