Corrects first para German business sentiment hit the highest level in more than a year in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also […]
Germany Harmonized Index of Consumer Prices (YoY) meets expectations (1.8%) in July Source link
Dollar came under renewed selling pressure in early US session following the release of July’s CPI report. Equity markets responded positively, with stock futures pushing higher as investors focused on the softer-than-expected headline reading, largely downplaying the firmer core figure. Market reaction suggests the report does little to disrupt expectations for the Fed to deliver
Markets shrugged off the latest US CPI release, with muted reactions across assets. While annual core inflation ticked slightly higher, the modest rise appears to be a relief for Fed and investors alike. Overall, the data does little to shift expectations around the Fed’s easing path. The July FOMC meeting remains firmly priced for a
Risk sentiment turned mildly negative in Asia on Monday following US President Donald Trump’s announcement of 30% tariffs on imports from the EU and Mexico, starting August 1. While US futures turned lower, equity markets in Asia were more muted, digesting the move in context of still-holding EU retaliation. The 30% tariff rate on EU
Germany’s factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish. The seasonally adjusted number of unemployed rose by 11,000 from the previous month, the Federal Employment Agency said, which was smaller than the 15,000 increase
Germany’s retail sales dropped unexpectedly in May as both food and non-food retail sectors registered contractions, data from Destatis revealed on Monday. Retail sales decreased 1.6 percent month-on-month in May but better than the 0.6 percent drop seen in April. Sales were expected to grow 0.5 percent. Data showed that sales in food sector were
Retail Sales in Germany rose 1.6% over the year in May. EUR/USD defends bids above 1.1700 following the downbeat data. Retail Sales in Germany unexpectedly dropped 1.6% month-over-month (MoM) in May, following the revised 0.6% decline reported in April, according to official data released by Destatis on Monday. The market forecast was for a 0.5% increase. On an
Asian markets opened the week lower following the US military strikes on Iranian nuclear sites, marking a dramatic escalation in the Middle East. However, losses were limited and short-lived, with major indexes across the region quickly recovering earlier declines. Oil prices also staged a muted response. While WTI spiked on the news, the rally has
Sterling is sold off notably today after dismal UK labor market data intensified expectations of a BoE rate cut in August. The most striking element was the -109k drop in payrolled employment—the largest non-pandemic decline since records began in 2014—coupled with a rise in the unemployment rate to its highest level since mid-2023. While wage
Yen is under intense selling pressure today, dragged down by a sharp plunge in super-long JGB yields. The 30-year yield closed at 2.836%, down significantly from 3.165% just days ago. This abrupt move followed a Reuters report suggesting that the Ministry of Finance may reduce super-long bond issuance as part of a potential tweak to
Trade war roared back into focus late last week, derailing fragile market sentiment already strained by concerns over the ballooning US deficit. The catalyst came in the form of a sharp threat from US President Donald Trump on European Union imports. This abrupt escalation shattered hopes that the 90-day truce period would lead to calmer
Dollar staged a broad recovery today as financial markets found some footing following a volatile stretch dominated by US deficit concerns. US futures are trading flat, while 10-year Treasury yield has pared back modestly from recent highs, signaling a pause in the bond selloff. The calmer tone helped the greenback regain some traction. Support for
Germany’s wholesale price inflation softened for the second straight month in April, data from Destatis showed on Thursday. Wholesale prices grew 0.8 percent year-on-year in April, following a 1.3 percent rise in March. The overall inflation in April was due to higher prices for food products, non-ferrous ores and metals, and non-ferrous semi-finished metal products.
Dollar softened slightly in early US trading today, though the move appears more related to a fading post-trade-deal rally than any direct reaction to economic data. While April’s inflation report showed encouraging progress on headline disinflation, the core CPI reading held firm, suggesting underlying price pressures remain sticky. That dynamic should keep Fed cautious, and
EUR/JPY bounces back from below 162.00 as German Friedrich Merz is confirmed as new Chancellor. German Merz failed to secure an absolute majority in the first voting process at the Bundestag. Trump’s tariff threats on pharmaceutical imports have increased the JPY’s safe-haven demand. The EUR/JPY pair rebounds above 162.00 during the North American trading session
