Signals from the Federal Reserve
The Federal Reserve has already raised interest rates twice this year.
Private consumption powers German surge in second quarter
In Germany, in the second quarter consumers turned to be the major source of surge, as data disclosed on Friday. It’s because Europe's number one economy derived the benefits of record-high employment, ascending wages as well as low interest rates.
In April to June, the German economy ascended by 0.6% percent, as the Federal Statistics Office informed, providing support to Chancellor Angela Merkel's campaign for re-election, revolving around a pledge to generate jobs and reduce taxes.
Private consumption inched up by 0.8%, adding 0.4% to ascend in GDP. A labor market hungry for manpower has powered wages, while low interest rates set by the ECB are stimulating German consumers to spend rather than save.
Private consumption still appears to be a reliable driver of surge, as many financial experts state.
Apart from private consumption, the German economy also benefited from state spending as well as investments in equipment and construction.
Similar
Daily News: the USD has plunged
On Monday, the US dollar index plunged from 96.40 to 95.70.
Japanese companies welcome skilled foreign employees
The vast majority of Japanese companies back loosening the country's tough immigration system aimed at coping with a terrible labor shortage, although they appreciate skilled employees capable of fitting into the Japanese workplace, and not an invasion…
Popular
Japan February exports are seen surging at fastest pace since 2015
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
Asian shares tumble with Japan markets shut
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
Greenback surges as yields soar
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Deposit with your local payment systems
