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  • Article / 29 June 2017 at 2:13 GMT

    3 Numbers: Weak US growth expected for Q1 GDP data

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Weak US growth expected for Q1 GDP data
    Both German and European consumer sentiment is extremely robust, and last week’s flash update of the EU's Consumer Confidence Indicator for June rose more than expected. In the US, Q1 GDP is expected to remain at a sluggish 1.2%, but prospects for an improvement in Q2 remain intact.
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  • Video / 22 February 2017 at 13:53 GMT

    Dax pushes through 12,000 — #SaxoStrats

    Peter Garnry
    Dax pushes through 12,000 for the first time since April 2015. The price momentum is supported by a strong Eurocoin growth indicator, PMI figures and Ifo survey data, Saxo Bank’s head of equity strategy Peter Garnry explains.
    watch video
  • Article / 29 September 2016 at 5:01 GMT

    3 Numbers: Sluggish, but Q2 US GDP to tick higher

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Sluggish, but Q2 US GDP to tick higher
    US GDP is expected to find its feet in the third quarter - not the second quarter which is being released today. US pending homes sales are expected to show this momentum growing as well, and in Germany a modest reduction in unemployment is expected, signs that the economy is sluggish, but not in any danger.
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  • Article / 23 February 2016 at 5:59 GMT

    3 Numbers: German business sentiment on the decline

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: German business sentiment on the decline
    Last week’s ZEW data revealed that financial analysts have put a dampener on macro expectations for Europe's biggest market, while in the US consumer confidence remains positive – if a little brittle. Meanwhile today's report on US existing homes sales will reveal if December’s bounce was real or just a flash in the pan
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  • Squawk / 29 October 2015 at 9:13 GMT
    German labour market rebounds in October:

    Following a slight deterioration in the number of unemployed Germans in September (+2,000), the labour market rebounded this month with a decline of 5,000. This was close to the consensus expectations of -4,000 and implies an unchanged unemployment rate of 6.4% - as expected. Having said that there is no doubt that the improvements in unemployment have slowed in 2H'15 as the German economy faced (mainly) external headwinds.

    A look at employment paints a brighter picture with a gain of 50,000 in September, taking the Q3 average monthly gain to 44,000 and employment is now up 152,000 for the year so far.

    To reiterate what I said earlier this week when IFO was released, Germany is doing just fine!

    https://www.tradingfloor.com/posts/german-economy-shakes-off-the-scandals-6457710
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  • Article / 26 October 2015 at 10:20 GMT

    German economy shakes off the scandals

    German economy shakes off the scandals
    German headlines may reflect a Volkswagen-fueled unease in the automotive sector and a growing political battle concerning chancellor Merkel's stance on migrants, but the latest IFO print shows that the Eurozone's largest economy is doing just fine.
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  • Squawk / 24 June 2015 at 8:11 GMT
    German IFO slips to four-month low in June:

    German companies are on average less bullish about the outlook for the economy than in previous four months, according to the IFO institute. The headline business climate index declined to 107.4 this month from 108.5 in May while analysts had looked for a smaller drop to 108.1.

    The 1.1-point decline in the business climate index was driven by pretty equally by the two sub-indices. The current assessment index fell to 113.1 from 114.3 (114.1 expected) while the forward-looking expectations index slipped 1 point to 102 (vs. 102.4 expected). In other words, while analysts did correctly predict a weaker IFO report for June, the weakness was somewhat more pronounced than expected. Having said that, a reading of 102 in the expectations index still corresponds to GDP growth two quarters out (i.e. in Q4) of 1.8% y/y vs. 1% realised in Q1.

    The DAX30 index is unchanged for the day at the moment, but down 0.4% from the (current) intra-day high.
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  • Article / 29 May 2015 at 5:08 GMT

    3 Numbers: Germany's retail bounceback, EZ money, US GDP estimate

    Blogger / MoreLiver's Daily
    Finland
    3 Numbers: Germany's retail bounceback, EZ money, US GDP estimate
    Today's data releases might not be big-ticket items, but they have the potential to confirm a story that everyone has been happy with recently - that the European economy is slowly crawling out of a pit. German retail sales are likely to be up while Europe's bank lending finally shows a positive annual change. The first quarter in US is expected to be revised much lower - but it is now behind us.
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