Euro-zone GDP growth was revised down to 0.4% in the updated flash Q4 reading from the provisional 0.5% which will tend to dampen expectations that the Euro-zone economy is gaining momentum.
There was also a weaker than expected reading for the German ZEW investor sentiment index, although the overall market impact was limited.
US Dollar The Maurits C. Boas Professor at Harvard University who is better known as the former IMF economist Ken Rogoff has broken cover about the USD: he is predicting that the Chinese Yuan will be a Reserve Currency within 5 years and the USD will decline between 15-20%, which would take EUR/USD to 1.40 predicated […]
German Gold With 3350 tonnes in the vaults and the 2nd largest gold reserve in the world after the USA, Germany has EUR 440 billion worth of moolah tied up in that asset class. Some people both inside and outside Germany are saying it might be time to spend some of it. The Bundesbank is naturally […]
Brent Oil With oil breaking USD 126 yesterday morning on the back of failed arrangements for peace talks and the likelihood of a resumption of US-Iranian hostilities, the news that the UAE are withdrawing from both OPEC and OPEC+ citing the protection of their own interests might have been expected in more normal times to […]