Stock Market / Finance in Germany
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GERMANY, 2017/08/22
German producer prices rose at the slowest pace so far this year in July, data from Destatis showed Friday.
Producer prices for industrial products advanced 2.3 % year-on-year in July, slightly weaker than the 2.4 % increase seen in June. This was the weakest since December, at the same time as prices gained 1 %. Economists had estimate 2.2 % annual increase.
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GERMANY, 2016/06/11
If British people vote to leave the EU, the UK would be kept out of the single market and the EU would not integrate further, German finance minister Wolfgang Schaeuble has said.
"In is in. Out is out," the influential minister said in an interview with the Spiegel , a German weekly. "Europe would as well work without Britain if necessary," he added.
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GERMANY, 2015/07/28
Greece could receive relief on its deficit mountain within months as any minute at this time as creditors confirm that it is making good on promised economic reforms, Angela Merkel has said.
In an interview with German TV network ARD on Sunday (19 July), the German chancellor said that measures to cut Greece’s debts could any minute at this time be offered to Athens, although she ruled out a ‘classic haircut’ on deficit.
"Greece has by presently been given relief. We had a voluntary haircut part the private creditors [in 2012] and we again extended maturities once and reduced interest rates," said Merkel. “We can presently talk about such possibilities again... once the initial successful review of the programme to be negotiated has been completed," she added.
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GERMANY, 2013/12/21
The German market is firmly in positive territory on Thursday, next the Federal Reserve, at the end of its two-day policy meet, decided to scale back its investment purchase program by $10 billion per month beginning in January. Investors viewed the announcement as indication of recovery in the world's major economy.
The Fed said it would add to its holdings of agency mortgage-backed securities at a pace of $35 billion per month rather than $40 billion per month and add to its holdings of longer-term Treasury securities at a pace of $40 billion per month rather than $45 billion per month.
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GERMANY, 2013/08/30
Germany's EU harmonized inflation slowed in August, and to a larger extent than expected by economists, new data showed Thursday.
The harmonized index of consumer prices (HICP) increased 1.6 % on an annual basis in August, following the previous month's 1.9 % rise, preliminary estimates from the Federal Statistical Office revealed. Economists were looking for a 1.7 % increase.
The HICP remained unchanged compared to July, at the same time as they recorded a 0.4 % gain. Economists had estimate a additional modest increase of 0.1 %.
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FRANCE, 2013/08/28
Most European equities fell sharply Tuesday as investors ignored solid data from Germany and eyed possible military intervention in Syria, sending the price of safe-haven gold soaring.
While London’s FTSE 100 index slid 0.79 % to 6.440.97 points, other markets were down over two %.
Frankfurt’s DAX 30 fell 2.28 % to 8,242.56 points, the CAC 40 in Paris dropped 2.42 % to 3,968 points.
Milan dropped 2.34 %, Madrid fell 2.96 %, Athens plunged 4.08 % and Istanbul slumped 4.73 %.
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FRANCE, 2013/08/24
Germany's Finance minister Wolfgang Schaeuble says he expects a next aid package for Greece to be much smaller than the country's existing rescue deals, as daily Kathimerini online reports today.
In two bailout packages so far, Greece's European partners and the International Monetary Fund have committed 240 billion euros in loans. This week, Schaeuble said there will have to be an extra aid program next the current one expires next year.
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GERMANY, 2013/03/22
Peggy Schmidt is worried. The economy may be booming, she says, but “everything” is becoming additional expensive. That’s affecting sales at the family-owned bakery in the small town of Angersmuende, 50 miles north of Berlin where she works as a sales assistant. “Everything we buy has increased in price, so we have to raise our prices,” she says. “People can’t afford as much, so they buy less than they did a few years ago.”
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GERMANY, 2013/01/17
Germany has recently published preliminary data showing the performance of the 2012 federal budget, and revealing a budget surplus last year of 0.1%.
According to the data, new deficit stood at EUR22.5bn (USD29.8bn) for last year, EUR5.6bn below the EUR28.1bn target figure set within the framework of the country’s second 2012 supplementary budget.
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GERMANY, 2013/01/01
I believe the worst is behind us," Schaeuble told the daily newspaper Bild in an interview previewed on Thursday (27 December).
Economic projections show most of the eurozone will linger in recession next year, but Germany is likely to keep growing. "The situation is better than expected, as well because trade with the US and Asia is picking up," Schaeuble said.
His comments come at the end of three years of intense drama over the survival of the euro during which several red lines were crossed with Greece. It was the prime country to receive a bailout and the prime to have a partial deficit restructuring within the eurozone.
