Tag Archives: Germany

A preliminary survey published on Monday showed business activity contracted in Germany in July, raising the possibility of a recession in the second half of the year. The Hamburg Mercantile Bank’s composite purchasing managers’ index released by Standard & Poor’s Global fell to 48.3 in July from 50.6 in June, …

Inflation rose in Germany in June, snapping a steady decline since the beginning of the year. Data from the Federal Statistical Office on Tuesday showed consumer prices, harmonized to facilitate comparison with other countries in the European Union, rose 6.8 percent year-on-year in June. Core inflation, which strips out volatile …

Data from Germany’s Federal Labor Office showed on Friday that the country’s unemployment rate rose more-than-expected in June. The office said that the number of unemployed increased by 28 thousand people in light of seasonal adjustments to reach 2.61 million people. Analysts polled by Reuters had expected an increase of …

German inflation rose more-than-expected in June, snapping an extended decline since the start of the year. Preliminary data from the Federal Statistics Office on Thursday showed consumer prices, which are harmonized to make it easier to compare them with other countries in the European Union, rose 6.8 percent year-on-year in …

The EUR/USD pair came under strong bearish pressure on Friday. PMI surveys signaled a loss of growth momentum in the Eurozone economy. Euro could continue to push lower once 1.0870 is confirmed as resistance. FOMC Chairman Jerome Powell’s hawkish rhetoric on the second day of his congressional testimony and the …

Following a surprise 25 basis point (bps) rate hike in May, the Reserve Bank of Australia (RBA) board members opted to raise the Official Cash Rate (OCR) by another 25 basis points (bps) to 4.10% at its June policy meeting, delivering another hawkish surprise. According to the most recent Reuters …

According to a poll released on Wednesday, German business confidence fell further than predicted in May, owing mostly to a steep drop in future expectations, indicating that Europe’s largest economy is suffering persistent economic headwinds. The Ifo Institute said that its business environment index was 91.7 in May, down from …

According to statistics released on Friday, German producer prices rose at the weakest annual rate in two years in April, indicating that inflation in Europe’s largest economy may decline further. According to the Federal Statistical Office, producer prices for industrial items rose 4.1% in April compared to the same month …

The German ZEW headline figure revealed that the Economic Sentiment Index fell substantially in May, falling to -10.7 from 4.1 in April, falling short of the market forecast of -5.5. Meanwhile, the Current Situation Index rose to -34.8 from -32.5, above the market forecast of -37.5. During the same time …

The dollar remained close to a peak of more than a week on Friday after a slew of data released overnight indicated a slowdown in the US economy, as investors bet the Federal Reserve would halt interest rate increases. The dollar index, which measures the performance of the US currency …