Germany’s Gfk consumer confidence index for the month of January has fallen to -7.3 points after posting -6.8 in December (revised from -6.7). The result, in any case, improves the -9.5 expected by the market. The indicator remains negative for the ninth consecutive monthThe figure for January being the lowest recorded by the indicator since […]
Tag: Germany
Spain also suspends its flights and the United Kingdom is isolated due to the new strain of coronavirus
At the end of last January, when the coronavirus was spreading across China but had not yet reached Europe, British Airways decided to suspend all its flights with the Asian country. It was the first airline to take this measure, which was to last until March. By then the virus had already roamed Europe, and […]
Ban on flights to the United Kingdom: third blow to the air sector in the middle of Christmas campaign
The decision of several countries to ban flights to the United Kingdom supposes the third great blow to the tourism sector, with the airlines, again, in the front line. The coup comes in the middle of the Christmas season, which is usually the busiest time after the summer, and with the airlines already in a […]
DIW points out that the economy will contract 1% in the fourth quarter due to the second hard lockdown
Is economy likely to contract 1% in Q4 2020according to the latest report released by the German economic institute DIW on Monday. Featured Comments: “The economy will contract further in the first quarter of 2021“. “The second hard lockdown in Germany will affect economic production in the winter.” “Only if the situation stabilizes, the economy […]
The IFO business climate index exceeds estimates with 92.1 points in December
The German IFO business climate index stood at 92.1 points in December. IFO’s current economic assessment stood at 91.3 this month. The German IFO expectations index for December reached 92.8. He German IFO general business climate index reached 92.1 points in December, stronger than last month’s 90.7 and beating estimates that pointed to a reading […]
Escrivá discards the four-day work week for Iglesias and Errejón: “It is for countries with full employment”
The Minister of Inclusion, Social Security and Migration, Josw Luis Escriva, has completely ruled out the debate that has been put on the table by both the second vice president, Pablo Iglesias, as the deputy of More Country, Errejon. “That is a very interesting debate that occurs in countries with full employment” Escriva told Errejon […]
Preliminary German manufacturing PMI rises to 58.6 points in December from 56.4 expected
The German manufacturing PMI reaches 58.6 points in December compared to the expected 56.4. The PMI for services in Germany rises to 47.7 points in December from the 44 forecast. According to the preliminary IHS / Markit manufacturing activity report released Wednesday, the preliminary version of the German manufacturing PMI unexpectedly rose to 58.6 points […]
I am concerned about the trend of the coronavirus in Germany
German Chancellor Angela Merkel told conservative lawmakers that it was concerned about the trend of the coronavirus in Germany, Reuters reported on Tuesday, citing sources present at the meeting. Merkel also added that she believes January and February will be very difficult. Market reaction This headline does not appear to be affecting the performance of […]
Health Minister hopes to start coronavirus vaccination before the end of the year
German Health Minister Jens Spahn said Tuesday that the COVID-19 infection numbers and death toll in Germany are too high, as reported by Reuters. “We hope to start COVID-19 vaccination before the end of the year“Spahn added. Meanwhile, the Robert Koch Institute (RKI) in a recently published report said that the COVID-19 situation in Germany […]
EUR / USD in 1.23 to twelve months view – Rabobank
The Federal Reserve will take over from European Central Bank as the greatest influence for the EUR/USD this week, with its policy release on December 16. While the economists of Rabobank expect the general weakness of the dollar to continue in 2021, the EUR / USD is in a consolidation phase since December 3 and […]
