German's economic outlook strengthened due to oil prices

Note: This section contains information in English only.
Source: Bloomberg
German's Chancellor Angela Merkel announced positive economic outlook due to strong drop in oil prices and the ECB-led quantitative easing measures. Therefore, Germany's economy probably will advance 1.5% compared to a 1.3% forecast in October also due to an increase in consumer spending and wage growth. The ministry is expecting oil prices around 59 dollars per barrel.
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Wed, 28 Jan 2015 22:46:06 GMT

US consumer confidence surges to the highest level

Strongly depressed crude oil prices and the labour market that added around three million jobs in the previous year, pushing the level of unemployment to a six-year minimum, are increasing the optimism regarding the domestic economy. Consumer confidence reached the seven-month high in January, jumping to 102.9 from 93.1 recorded in December.

Wed, 28 Jan 2015 22:24:08 GMT

US consumers benefited from cheap oil

The unexpected fall in fuel costs is an advantage to households, while the impact on companies is not as obvious. Consumer confidence index advanced to its seven-years high in January due to a sharp fall in oil prices and improving labour market. However, durable goods orders unexpectedly plunged 3.4% in December.

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