The German IFO business climate index reached 98.8 in September. IFO’s current economic assessment dropped to 100.4 this month. The IFO expectations index in Germany reached 97.3, below expectations. The German IFO Business Climate Index unexpectedly worsened in September, falling to 98.8 points versus last month’s 99.4 and estimates of 100.4. In the meantime, the […]
Tag: Germany
Dollar rallies as Evergrande shakes gloomy sentiment, focus is on Powell
This is what you need to know to trade today Friday, September 24: The appetite for risk of the last American session cooled slightly in the Asian session this Friday, as the current uncertainty around the destination of the indebted Evergrande in China it put investors in limbo. Asian markets were mixed, while S&P 500 […]
Manufacturing and services PMI data contracted in preliminary September reading
Markit’s preliminary manufacturing PMI index for Germany has fallen in September to 58.5 from 62.6 in August, worsening the 65 points expected by the market. Today’s is the lowest figure registered by the indicator in eight months, although it continues to be at a good rate of expansion. The Preliminary PMI for services is down […]
IFO cuts GDP growth forecast for 2021 to 2.5%
The German Economic Institute Ifo on Wednesday cut the country’s GDP growth forecast for 2021 by 0.8 percentage points to 2.5%, in light of supply chain disruptions and slowing post-pandemic economic recovery. Additional details “Raises the German growth forecast for 2022 by 0.8 percentage points to 5.1%” “The German economy will grow 1.5% in 2023.” […]
EUR / GBP rises to two-week highs and looks to take advantage of momentum above 0.8600
A weaker British pound helps EUR / GBP regain positive traction on Wednesday. The rise appears limited ahead of the BoE meeting and German elections this week. A strength above the monthly highs should pave the way for a move to the 0.8670 area. The crossing EUR / GBP has risen to new two-week highs […]
Significant EUR / CHF downside potential if seismic shift to the left – Credit Suisse
Germany heads to the general elections on Sunday, September 26. Credit Suisse strategists investigate the implications of different scenarios for their current bearish sentiment on EUR/CHF. Overall, they stick to their current EUR / CHF target of 1.0650. Bearish view of EUR / CHF in all scenarios “We only see a modest rise for the […]
The ZEWs of economic sentiment in Germany and the Eurozone disappoint in September with strong setbacks
The ZEW index of economic sentiment for the euro zone fell to 31.1 in September from 42.7 in August, falling well below the 52.2 expected. This is the fourth consecutive month that the indicator has lost positions after the all-time high reached in May at 84 points. Also, the September result is the weakest seen […]
Dollar regains ground with rising yields, risk appetite mood
This is what you need to know to trade today Tuesday, September 7: The risk appetite extends for the second day in a row this Tuesday, while most of the Asian stock markets are recovering, awaiting the decision of the ECB and the monetary policy of the BOC. Meanwhile, a likely delay in the Fed’s […]
German factory orders unexpectedly rise 3.4% in July
German factory orders rose 3.4% in July, a surprise to the upside. On an annual basis, German factory orders are up 24.4% in July. EUR / USD maintains its range around 1.1870 despite upbeat German data. German factory orders jumped unexpectedly in July, suggesting that the recovery in the manufacturing sector of the European economic […]
IFO Business Climate Index drops to 99.4 in August
The German IFO business sentiment index falls to 99.4 points in August. IFO’s current economic assessment rises to 101.4 this month. The IFO Expectations Index for August hit 97.5, a big loss. The IFO’s general business sentiment index for Germany worsened to 99.4 points in August compared to 100.8 last month and estimates that pointed […]
