Today's Ifo numbers for October should reduce worries that the German economy is slowing fast due to a loss of momentum in Emerging Markets. The slowdown of China and other countries is a of course a challenge for the Ge…
Today's Ifo numbers for October should reduce worries that the German economy is slowing fast due to a loss of momentum in Emerging Markets. The slowdown of China and other countries is a of course a challenge for the German growth model, but remember that most exports go to economies that are either doing well (US, UK) or recovering (Euro area).
Expectations are often leading the assessment of the current situation. Therefore it could easily be that the fall in the current assessment (to the lowest level since last March) will be at least partly reversed in November.
"Sentiment in the domestically orientated retail and construction sector is high and far above the long-term averages. We currently expect GDP growth of 0.4% q/q for the Q3 and Q4", said Nordea Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
