US Tsy’s FX Report Finds No Formal FX Manipulators, Adds to Monitoring List
WASHINGTON (MaceNews) – The U.S. Treasury Department, in its latest evaluation of whether other countries use foreign exchange as a means to boost its competitiveness in trade under criteria set by two different laws, gave China and every other country a pass, but added to its list of countries it closely monitors. The summary of […]
German Economic Sentiment Declined in April, First Drop Since November 2020; ZEW
ZURICH (MaceNews) – The economic outlook in Germany fell in April, declining for the first time since November 2020 on concerns a stricter lockdown will dampen private consumption, according to ZEW. The Economic Sentiment Index unexpectedly fell in April, down 5.9 points to 70.7, and well below the Econoday median forecast of 77.0 and the […]
Germany’s IFO March Business Sentiment Rises Significantly
ZURICH (MaceNews) – German business sentiment rose significantly in March, to the highest level since June of 2019, as current conditions and the outlook components exceeded both expectations and the result of the previous month. The Ifo Institute’s Business Sentiment Index rose in March to 96.6 from a revised 92.7 (92.4) in February, beating the […]
Germany’s Economic Sentiment Improves in March; Inflation Seen Higher
ZURICH (MaceNews) – The outlook for Germany’s economy improved in March among financial experts, according to the latest report from the Mannheim-based ZEW institute. The index rose to 76.6 in March, beating the median of 75.0 in an Econoday survey of economic forecasts, rising 5.4 points from the February result. Since December 2020, the index […]
Germany’s Bundesbank Increases Risk Provisioning; Won’t Distribute Profit
ZURICH (MaceNews) – Germany’s Bundesbank, the nation’s central bank, won’t be distributing profits for the first time since 1979 as it increased its provisions for general risks by 2.4 billion euros to 18.8 billion. The Bank’s model-based assessment had “flagged a considerable increase in risks, with interest rate risk and default risk in the monetary […]
German Business Sentiment Rose in February Despite Corona: Ifo
Zurich (MaceNews) – German business sentiment improved in February as both current conditions and expectations for the coming months improved, according to the latest report from the Munich-based Ifo Institute. The Ifo Institute’s Business Climate Index rose to 92.4 in February from a revised 90.3 the previous month (90.1), beating the median forecast in an Econoday […]
GERMAN ECONOMIC EXPECTATIONS RISE IN FEBRUARY: ZEW
ZURICH (MaceNews) – The outlook for Germany’s economy improved in February, with consumption and retail trade being the main drivers, according to the latest report released by the Mannheim-based ZEW Institute. The ZEW Indicator of Economic Sentiment rose to 71.2 in February, up 9.4 points from the January result, solidly exceeding the median forecast of […]