Online Forex broker
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 April, new orders for American capital goods tacked on by the most for eight months, although a tumble in shipments dropped a hint that business spending on equipment decelerated in the first quarter…
In the first quarter, the South Korean economy suddenly contracted, thus marking its worst outcome since the global financial meltdown…
American mortgage applications to purchase a home and to have it refinanced demonstrated their steepest weekly slump for four months due to the fact some mortgage rates jumped to one-month maximums, in step with higher bond gains…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
