Following the exit of the final German IFO business survey, institute economist Klaus Wohlrabe said the economy was looking for a recovery. Additional quotes “The climate has improved in construction, retail and services.” “Particularly pronounced improvement of the climate in industry.” Production plans have been significantly revised upwards. “Travel agencies and tour operators are slightly..
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Economist from the German IFO: Economy geared towards recovery.
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German IFO Business Climate Index beats estimates with 92.4 in February, EUR / USD regains 1.21
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The German IFO Business Climate Index stood at 92.4 in February. IFO’s current economic valuation stood at 90.6 this month. The German IFO expectations index in February came in at 94.2. more soon …. About the German IFO The IFO Business Climate Index was rebased and recalibrated in April after the IFO Research Institute changed..
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When is the German IFO poll and how could it affect EUR / USD?
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Overview of the German IFO Company Survey The German IFO survey for February is expected to be released later today at 9:00 GMT. The IFO business climate index is higher at 90.5 compared to 90.1 previously. The current valuation sub-index is expected to drop to 88.9 this month. 89.2 ahead while the IFO Expectations Index..
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When is the euro zone preliminary GDP and how could it affect the EUR / USD?
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Preliminary overview of euro area GDP The second reading of the euro area’s fourth quarter GDP figures is expected to be released later today at 10:00 GMT. The consensus among traders expects the bloc’s economic growth rate to decline 0.7% between quarters in Q4 2020, when on an annualized basis it is expected to come..
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Restrictions must be relaxed if 7-day COVID-19 incidence drops below 35 per 100,000
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“If we can achieve a 7-day coronavirus incidence of less than 35 per 100,000 population, we can further ease the restrictions,” German Chancellor Angela Merkel said on Friday, as Reuters reported. “We will have difficulty using all the COVID-19 vaccines available at the end of March or April,” Merkel added. Market reaction Market sentiment remains..
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German consumer prices to exceed ECB target this year
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Consumer prices in Germany could exceed the European Central Bank’s (ECB) target by the end of this year, thanks to a tax hike, the ECB’s Governing Council member and president said on Friday. from the Bundesbank, Jens Weidmann. Key quotes “Reduced value added tax (VAT) which expired at the end of last year and a..
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FOREX dollars are struggling at 1-week lows as Bitcoin scales $ 48,000
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* Graphics: World exchange rates tmsnrt.rs/2RBWI5ELONDON, Feb. 9 (Reuters) – The dollar struggled at a one-week low on Tuesday as traders became cautious about the prospect of a greenback amid a major US fiscal stimulus package.Investors have pushed the dollar up in recent weeks as Democrats moved to the swift action of President Joe Biden’s..
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German industrial production misses estimates with 0% in December, EUR / USD unfazed
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Industrial production in Germany showed no growth in December, official data showed on Monday, suggesting that the recovery in manufacturing is weakening Industrial production came in at 0% MoM, federal statistical authority Destatis said in figures adjusted for calendar effects, vs. an increase of 0.3% expected and 0.9% last. On an annualized basis, German industrial..
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Will have to decide in the coming days whether the debt brake should be suspended next year
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German Finance Minister Olaf Scholz said on Thursday that the federal government will have to decide in the coming days whether the debt brake should be suspended next year. Additional quotes “It would be a mistake to opt for a policy of austerity.” “The question is how to generate funds to avoid this.” EUR /..
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FOREX-dollar rebound is lowered when foreign exchange markets hover near thresholds
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* Graphic: World FX rates tmsnrt.rs/2RBWI5E By David Henry and Ritvik Carvalho NEW YORK/LONDON, Feb 3 (Reuters) – The dollar’s rebound slowed on Wednesday with the euro and Japanese yen holding near widely watched levels as foreign exchange markets looked for clues to their next move, possibly from the U.S. jobs report on Friday. The..
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