German business confidence improves in November

Note: This section contains information in English only.
Source: Bloomberg
German business confidence advanced unexpectedly in November, indicating the German economy might recover and the nation's business climate is becoming more optimistic. The business climate index surged to 101.4 in November from 100 the prior month, breaking out from its declines throughout the last six months. German growth slackened less than expected in the third quarter on Eurozone's recession. 
"The improvement in the Ifo index is a positive surprise but we do not see this as a turning point for the German economy. It is a stabilisation. It is positive that companies' expectations unexpectedly improved a lot. GDP (gross domestic product) could shrink in the fourth quarter but probably not as much as the -0.4 we previously expected," said Christian Melzer from DEKABANK

Back to articles

Actual Topics

Fri, 23 Nov 2012 13:03:28 GMT

German economy expands in Q3

German economy expanded 0.2% in the third quarter on seasonally adjusted basis matching analysts' forecast, yet slowing down the pace of growth as the GDP reading advanced 0.3% in the previous quarter. The main factors contributing to economic growth were exports, construction and household spending, whereas company investment and inventories deprived the nation's GDP. As the Eurozone is still struggling

Fri, 23 Nov 2012 12:54:15 GMT

Brazilian equities rose on upbeat national data

Brazilian stocks climbed for the second consecutive session on Thursday after upbeat national data. Brazilian unemployment rate dropped to 5.3% last month, in line with market consensus. Moreover, hopes that borrowing costs will remain at record low after inflation slowed this month spurred rally of Brazilian equities. The Bovespa Index climbed 0.35% to close at 56,436.97. Six out of nine

Fri, 23 Nov 2012 12:05:04 GMT

Uncertainties of Europe's economy continue to favor gold

Gold is set to its weekly advance, as investors increased their holdings and central banks boosted their reserves on Eurozone's debt crisis and Merkel's announcement the EU leaders will not agree on the budget deal in the summit. Spot gold was at $ 1,731.50 an ounce, advancing from yesterday's $ 1,729.55. Gold Futures for December added 0.2% to $ 1,731.30

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.