ONLINE FOREX BROKER
Extremely low official interest rates keep putting pressure on Germany's smaller financial instructions, as a couple of watchdogs reported on Wednesday.
The Bundesbank and BaFin, Germany's bank regulators, polled about 1,500 small as well as medium-sized banks, which account for up to 88% of institutions and also 41% of total assets.
As the findings revealed, financial institutions actually expect pretax revenue to go down by an overall 9% for the next five years.
It corresponds to a 16% sag in the banks' overall return on capital. Well, while abrupt, it’s still is less than the 25% sag in return on capital actually anticipated in last poll conducted two years ago.
Some financial experts state that the phase of stagnation provoked by low interest rates appears to be far from over.
Additionally, the regulators appreciated the fact that German banks were looking for alternative sources of income just to withstand low rates.
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.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
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.
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