Tag Archives: Germany

The headline German IFO Business Climate Index unexpectedly jumped to 95.7 in January versus last month’s 94.7 and the consensus estimates of 94.7. Meanwhile, the Current Economic Assessment dropped to 96.1 points in the reported month as compared to last month’s 96.9 and 96.1 anticipated. The IFO Expectations Index – …

The economic activity in Germany’s manufacturing sector grew at its strongest pace in five months with Markit Manufacturing PMI jumping to 60.5 from 57.4 in December. This print surpassed the market expectation of 57. Additionally, Markit Services PMI advanced to 52.2 from 48.7 in December, showing that Germany’s service sector …

German producer prices rose at a record pace in December amid increased energy prices. According to data from the Federal Statistics Authority released today, Thursday, producer prices in the country with the largest European economy increased by 24.2% in December on an annual basis, the highest level since the start …

Preliminary data on Friday, January 14 showed that the German economy grew by 2.7% in 2021 after another year of rising Covid-19 cases, pandemic-related restrictions, and supply chain stresses, in line with expectations. This comes after the eurozone’s largest economy contracted by 4.6% in 2020, the first year of full …

European shares fell in limited trading due to the Christmas holiday on Monday as risk appetite was hit after the mutant Omicron led to a spike in COVID-19 cases globally. The pan-European Stoxx 600 index fell 0.2 percent after Asian shares were mixed. Banks and technology stocks were among the …

The European stock markets closed mixed on Christmas Eve with the French CAC easing 0.1% from 5-week highs.The Dutch AEX flat around 2-week highs and the UK’s FTSE 100 finishing 0.2% up around 21-month highs amid thin trading volumes and as investors were monitoring developments around omicron coronavirus variant and …

UK Prime Minister Boris Johnson is set to make an announcement on whether or not England will go into a circuit breaker lockdown or not within the next 48 hours, according to The Sun newspaper. The UK government has so far resisted imposing new restrictions ahead of the holidays even …

Data on Thursday, December 9th, showed that German exports increased much more than expected in October despite persistent supply bottlenecks in the manufacturing sector, suggesting that Europe’s largest economy may be on the way to recovery. The Federal Statistics Office said that exports, after adjusting for seasonal factors, increased by …

The dollar reaped some strength during London trading hours but finished the day down against most major currencies. The US dollar fell despite European and American indexes closed mostly in the red territory, and while government bond yields extended gains to fresh weekly highs.Some profit-taking and the opinion that the …

The annual Harmonized Index of Consumer Prices (HICP), the European Central Bank’s preferred gauge of inflation, rose to 6.0% from 4.6% in October, compared to analysts’ estimate of 5.4%. MoM, the HICP was up 0.3%, above consensus expectations for a 0.5% drop.