
Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!
In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy.
GDP in Europe's leading economy was intact for the quarter, as the Federal Statistics Office informed on Thursday. By the way, a Reuters survey had foreseen a 0.1% leap.
German businesses are grappling with a decelerating global economy as well as trade clashes triggered by American leader. Moreover, there’s a high probability that the United Kingdom will abandon the European bloc in March on the terms of its withdrawal without an agreement.
With surge intact in the fourth quarter, the German economy dodged recession in the form of two or more consecutive quarters of contraction having dived by 0.2% in the third quarter.
The German economy rallied at its weakest tempo for five years last year. Surge is anticipated to dive further to 1% in 2019, and Germany experiences a budget shortfall of nearly 25 billion euros by 2023.
The fallout from the trade disputes as well as fears about Brexit are putting pressure on business confidence that keep slipping for the fifth month in a row.
Morale is also being suppressed by weaker demand for German services and goods in the euro zone, China as well as emerging markets.
Moreover, the German cabinet is concerned that technological innovation along with the acquisition of German industrial know-how by foreign, especially Chinese businesses could affect the manufacturing base on which much of Germany's prosperity is based.
The previous week, Peter Altmaier, the country’s Economy Minister told that the cabinet might take stakes in major domestic companies to avert foreign takeovers. From his point of view, such a move is required to safeguard the country’s prosperity.
Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
The last week was so eventful for traders: FOMC Meeting, Bank of England’s rate decision, the OPEC+ meeting, and also NFP. This week is going to be interesting as well! Let’s see what you should focus on.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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