Ralph Solveen News
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German factory orders unexpectedly jumped for a second month in March, suggesting Europe’s largest economy is starting to grow again.
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Commerzbank AG raised its forecasts for the euro against the dollar through December 2013, saying the projected weakness in the 17-nation currency will come later than it previously forecast.
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Manufacturing growth from China to the euro region and the U.S. slowed in May, adding to signs that momentum is weakening in a global economy facing headwinds from rising commodity costs and regional shocks.
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German industrial production rose in December, adding to signs that Europe’s largest economy is gathering pace.
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German exports rose more than economists forecast in January, adding to signs that Europe’s largest economy is gathering momentum after a contraction in the fourth quarter.
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Germany’s drive to mold the rest of Europe into its economic image may come at a cost for the country’s export machine.
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German investor confidence jumped more than economists forecast to a seven-month high in December on speculation Europe’s largest economy will gather momentum next year.
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Growth in Europe’s services and manufacturing industries unexpectedly accelerated in July as concern over the sovereign-debt crisis eased and an increase in global trade spurred exports.
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German investor confidence increased to the highest in 2 1/2 years in January, adding to signs that Europe’s largest economy may gather momentum.
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The dollar rose for a third day against the yen before a U.S. report that economists said will show employers stepped up hiring last month, pointing to a recovery in the world’s biggest economy.
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