What moves the market on April 9?
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N
Finance minister: German economy will ascend firmly in the third quarter
At the beginning of the third quarter the German economy slumped after a strong performance in the first half of 2017, although indicators hint that its firm surge will continue, as the Finance Ministry announced on Thursday.
Europe's number one economy is actually facing a consumer-led upswing, driven by record-high employment, surging real wages as well as low borrowing costs. These conditions will help Chancellor Angela Merkel to grasp a fourth term in an upcoming federal election.
The Finance Ministry, actually controlled by Merkel's conservatives as well as their veteran lawmaker Wolfgang Schaeuble, stressed in its monthly report that at the beginning of the third quarter the German economy lost some momentum.
However, they added that recent economic data show that the sturdy upswing will keep its pace in the third quarter too. Moreover, business morale was still high, while German exporters were supposed to derive benefits from a global economic revival.
Similar
OIL: hoping for a deal
OPEC+ is holding a video conference this Thursday to strike a global output cut deal - will that happen?
Is the American economy cooling down?
US Core CPI will be released this Friday at 15:30 MT time.
Latest news
What moves the market on April 9?
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N
OIL: hoping for a deal
OPEC+ is holding a video conference this Thursday to strike a global output cut deal - will that happen?
Covid-19 is jeopardizing Apple’s plans
There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Deposit with your local payment systems
