Financial Insights That Matter A summit of EU leaders in Brussels on Thursday ― where Germany was represented by outgoing Chancellor Olaf Scholz because the next governing coalition has yet to be formed ― didn’t delve into the topic, with the focus firmly on how to build up the continent’s defense capabilities. But the issue […]
Financial Insights That Matter Unsurprisingly, traditional fiscal hawks — many of whom had long been Berlin’s closest allies on economic matters — immediately viewed the move with suspicion. Increasing debt means bigger interest rates and for many countries the risk is “a lose-lose game,” one diplomat said. “We spend more, we pay more.” A Spanish […]
Financial Insights That Matter It took just a few hours for Friedrich Merz to conduct one of the sharpest U-turns in recent political history. At lunchtime last Friday, Germany’s chancellor-to-be received a sobering briefing on the state of the economy from finance minister Jörg Kukies. Kukies explained that after two years of stagnation and with […]
Financial Insights That Matter By Chibuike Oguh, Lucy Raitano NEW YORK/LONDON (Reuters) -The U.S. dollar rose against most major currencies including the Swiss franc and the euro on Thursday, as investors consolidated positions after selling the greenback for most of this week, but the outlook remained weak amid concerns about slowing growth arising from the […]
Financial Insights That Matter (Bloomberg) — Germany’s new era of big spending is pulling up borrowing costs across Europe, reigniting jitters around fiscal stability on the continent’s periphery. Most Read from Bloomberg Yields on benchmark Italian, Greek, Spanish and Portuguese bonds are over 30 basis points higher compared to the start of the month. The […]
Financial Insights That Matter The logo of the Organization for Economic Co-operation and Development (OECD) is pictured in Berlin. Britta Pedersen/dpa-Zentralbild/dpa Forecasts released on Monday from two leading watchers of the German economy downgraded their outlook for growth this year and now see marginal growth at best. At the same time, the country’s development banks […]
Financial Insights That Matter THE HAGUE, Netherlands — Germany’s parliament on Tuesday voted in favor of amending the constitution to enable significantly increased defense spending. The Bundestag decision, 512 to 206, comes amid European governments warming to the idea of taking on new debt for defense following Russia’s war against Ukraine. The vote solidifies incoming […]
Financial Insights That Matter 00:00 Speaker A All right. Well, the euro briefly moving higher as conservatives in Germany win elections. However, European markets still weighing what comes next. Traders are eyeing attractive opportunities in the global arena. Fed Watch advisors founder and chief investment officer Ben Emmens joining us now to discuss Ben. Before […]
Financial Insights That Matter BERLIN (Reuters) – Around 3,000 workers at Tesla’s German plant signed a union petition for longer breaks and more staff, even as the company said most workers were satisfied with their jobs, in a sign of ongoing strife between unions and the U.S. EV maker. At a works council meeting on […]
Financial Insights That Matter By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Munich Re is buying the 71% of Next Insurance that it doesn’t already own, strengthening its foothold in the United States and valuing the California-based company at $2.6 billion, a division of the German company said on Thursday. Ergo, the primary insurance business […]