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In March, the mood among German investors worsened, according to a poll uncovered on Tuesday. It definitely reflects soaring uncertainty as for the damage the EU’s number one economy could suffer if American import duties evolved into a fierce trade feud.
Donald Trump has rolled out import duties of 25% on steel as well as 10% on aluminum. The move is going to take effect already this week, on Friday. It has powered worries about tit-for-tat measures, which could spark a global trade dispute and have the economic recovery suppressed.
The ZEW research institute told that its monthly poll pointed out that economic sentiment among investors headed south to 5.1, which is its lowest outcome in a year and a half, versus 17.8 in February. As for the consensus estimate in a Reuters survey, it accounted for 13.0.
Worries over an US-led global trade feud have made analysts more cautious in their forecasts.
The stronger common currency is also affecting the business outlook of German exporters. In general, the outlook for the German economy was still upbeat.
A separate indicator measuring investors' assessment of the German economy's current conditions headed south from 92.3 to 90.7 in February. It turned to be a bit higher than the 90 foreseen in the Reuters consensus estimate.
The country’s economy ministry told that any escalation of Trump's duties on metal imports into a big trade conflict could heavily affect the global recovery. However, the duties themselves should have rather a limited effect.
However, Trump has also issued a warning that the European Union would get hit with a huge tax of 25% on their vehicles for not treating American in the proper way when it comes to trading.
Market experts tell that a full-blown trade conflict between Europe, China and the United States could ramp down economic surge in Germany by 1%.
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…
In January, the annual rate of inflation in Great Britain went down to 1…
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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