American consumer prices stand still
In November, American consumer prices didn’t change, although held back by a steep dive in the price of gasoline…
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
An exciting opportunity to trade the EUR
The European Central bank will have a press conference at 15:30 MT time on December 13.
News to trade on December 12
Find out the best trading opportunities for today!
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
Deposit with your local payment systems
