
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
A great number of investors actually don’t expect Germany’s economy to revive quickly from a poor patch in the nearer future. That’s what the ZEW research institute uncovered on Tuesday. What’s more, the organization added that its monthly poll drew attention to rather a dismal third quarter.
Huge worries as for tough ongoing trade clashes, the danger of a disorderly Brexit, not to mention political uncertainty at home are definitely putting enormous pressure on the European Union’s number one economy that is currently in its ninth year of surge.
In addition to this, the poll disclosed that economic sentiment among market participants in the European bloc’s leading economy managed to ascend da bit to -24.1 in November in contrast with October’s outcome of -24.7. On the contrary, a Reuters consensus estimate amounted to -25.0.
However, investors' evaluation of the German economy's current conditions headed south to about 58.2 from October’s result of 70.1, which is in turn below a Reuters consensus estimate of 65.0.
ZEW told that the poll actually reflected recent figures for retail sales, industrial output as well as foreign trade in Germany and also hinted at poor surge in the third quarter. Furthermore, it drew attention to the fact that hopes for the next six months don’t show any improvement.
Well, it simply means that survey participants don’t expect to see a fast revival of the currently weak development of the German. That’s what ZEW President, Achim Wambach revealed in a statement.
The previous week, a number of economic advisors for the German cabinet had surge estimates for this year slashed to 1.6% from a previous forecast of 2.3% and also for next year to nearly 1.5% in contrast with an earlier estimate of about 1.8%.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Jackson Hole, ten PMI releases, and the BRICS summit. This week will be full of market movements, and we will be there to trade them. Get ready, and let’s roll!
More Bitcoin ETFs, BRICS becomes stronger, and gold upside chances. There’s nothing better than a cup of fresh news in the morning.
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!