German Ifo business climate index climbs to 111 from 110.4 in November

German business sentiment rose to the highest level in almost three years in December, signaling growth in Europe’s largest economy picked up speed toward the end of the year. The Munich-based Ifo institute’s business climate index climbed to 111 from 110.4 in November. That’s the strongest since February 2014 and compares with a median estimate in a Bloomberg survey of economists of 110.6…

German economy seen growing 0.3% in second quarter

The German economy likely grew by around 0.3 percent in the second quarter, the finance ministry said on Monday, adding that the mood in corporate boardrooms remained largely optimistic despite the Greek debt crisis. In the first quarter, growth in Europe’s largest economy slowed to 0.3 percent…

Top 10 Weekly Forex Market Headlines – 2.20.2015

1. Japan rebounds from recession in Q4 2014, but misses expectations February 9, Japan’s economy rebounded from recession in the final quarter of last year but growth was weaker than expected as household and corporate spending disappointed, underlining the challenge premier Shinzo Abe faces in shaking off decades of stagnation. The annualized 2.2 percent expansion […]

Weaker euro boosting German economy at much faster pace than expected

FRANKFURT—The German economy has moved out of its soft patch at a much faster pace than previously expected aided by a weaker euro, leading to an improved outlook for Europe’s largest economy, the country’s central bank said in its monthly bulletin on Monday. “The German economy will continue to benefit from the economic upturn in the current year. In the short term, the pickup will be driven mainly by private consumption,” the bank said…

Germany to raise 2015 growth forecast amid record-high employment, strong consumer spending

BERLIN—Germany raised its forecast for economic growth for this year on the back of record high employment levels and strong consumption, which gets a lift from lower oil prices. The economics ministry increased its forecast for economic growth this year to 1.5% from an earlier forecast of 1.3%, according to its annual report. The economy grew by 1.5% last year…

Germany near recession after ZEW sentiment turns negative in October

MANNHEIM, Germany—Germany’s ZEW institute doesn’t rule out a recession in Germany, after a plunge in the ZEW sentiment survey Tuesday added to evidence that the eurozone’s most powerful economy is on the skids. ZEW President Clemens Fuest said he couldn’t rule out an economic contraction in the third quarter…

Ukraine, Iraq conflicts threaten euro zone fragile economy

FRANKFURT (Reuters) – Investors will gauge the strength of the euro zone’s fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally. In stark contrast to the United States and Britain, which are growing strongly, economic output in the euro bloc is likely to…

Daily Forex Market Review 01/27/14 (+50 pips)

Today’s Trade Result: +50 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

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