Tag Archives: Germany

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.

The EUR/USD pair considerably fell Friday, dropping below the 1.13 level as coronavirus infections in Europe are getting worse every day. Rising inflation combined with a deteriorating pandemic and ultra-dovish ECB policy, in terms of tapering stimulus are among multi factors leading to a lockdown inflation spiral, eventually getting out …

The looming return of lockdowns to contain Europe’s latest wave of Covid-19 cases poses risk on economic recovery and postponement of the timetable for the ECB’s wind down of emergency stimulus. Euro zone bond yields dropped on Friday and Germany’s entire yield curve fell into negative territory for the first …