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Germany's GDP

German 10-year yield set for biggest weekly rise since February

German 10-year yield set for biggest weekly rise since February

Published 30 Apr, 2021 06:50pm
  • Investors are closely watching data for any signs that the economic recovery from COVID-19 is gathering sufficient pace for central banks to start scaling back the extraordinary stimulus since the start of the crisis.
  • The euro zone economy shrank less then expected in the first three months of the year, preliminary data showed on Friday, while headline inflation picked up as expected.
German inflation pushes above ECB target in April

German inflation pushes above ECB target in April

Published 29 Apr, 2021 06:03pm
  • Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 2.1% in April, up from 2.0% in March. A Reuters forecast had pointed to an April reading of 2.0%.
  • On the month, inflation rose 0.5%, the data showed.
Germany to spend 90pc of EU recovery money on green, digital goals

Germany to spend 90pc of EU recovery money on green, digital goals

Published 27 Apr, 2021 06:41pm
  • "Today is a good day for Europe ... Now, we can act united for a strong Europe which stands in solidarity and is fit for the future," Scholz said.
  • EU rules call for 37% of the money to be spent on fighting climate change and 20% on digitalising the economy.
Berlin imposes nighttime ban on gatherings from Friday

Berlin imposes nighttime ban on gatherings from Friday

Published 01 Apr, 2021 08:22pm
  • Last week Chancellor Angela Merkel accused state premiers of failing to stick to earlier agreements to reimpose restrictions if infections rose again as the lockdown was gradually relaxed.
  • The DIVI association for intensive and emergency medicine said Germany urgently needs a two-week lockdown, faster vaccinations and compulsory tests at schools.
German experts recommend AstraZeneca vaccine only for over 60s

German experts recommend AstraZeneca vaccine only for over 60s

Published 30 Mar, 2021 09:52pm
*"After several consultations, STIKO, with the help of external experts, decided by a majority to recommend the AstraZeneca COVID-19 vaccine only for persons aged 60 years and older on the basis of available data on the occurrence of rare but very severe thromboembolic side effects," it said.
A raise or a four-day week; biggest German union seals new deal

A raise or a four-day week; biggest German union seals new deal

Published 30 Mar, 2021 06:23pm
  • Salaries will increase from July, but the additional money will not be paid out until February next year, as 18.4% of a single monthly salary, according to IG Metall.
  • There will also be a one-time "coronavirus premium" of 500 euros ($588).
Demand for German goods keeps factories humming through lockdown

Demand for German goods keeps factories humming through lockdown

Published 26 Mar, 2021 06:13pm
  • The Ifo institute said its business climate index shot up to 96.6, the highest reading since June 2019, from an upwardly revised 92.7 in February. A Reuters poll of analysts had pointed to a March reading of 93.2.
  • Despite rising infection numbers, the German economy started spring with confidence," said Ifo President Clemens Fuest.
Germany's extended lockdown to delay recovery till early summer

Germany's extended lockdown to delay recovery till early summer

Published 22 Mar, 2021 07:22pm
  • "The upswing that was actually expected for spring is now more likely to set in from early summer," Deutsche Bank chief economist Stefan Schneider said.
  • "The prerequisite for this is that the infection rate declines as the weather warms up, and that there will be progress in vaccinations," Schneider added.
German economy to shrink by 2pc in first quarter

German economy to shrink by 2pc in first quarter

Published 17 Mar, 2021 06:10pm
  • The biggest downside risk remains the development of the coronavirus pandemic. The question how quickly the economy can get to normal mainly hinges on the vaccination progress.
  • Council member Veronika Grimm said the AstraZeneca shot was needed to speed up Germany's already slow vaccination campaign.
Germany's Scholz: Europe's fiscal rules are flexible enough

Germany's Scholz: Europe's fiscal rules are flexible enough

Updated 15 Mar, 2021 09:25pm
  • Asked ahead of a virtual meeting of euro zone finance ministers whether he expected a discussion about possible changes to the EU's Stability and Growth Pact, Scholz said member states should be pragmatic and focus on the existing possibilities to suspend the fiscal rules under certain circumstances.
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