Japanese core machinery orders decreased by 1.9% in August and dropped 3.4% year-over-year, missing expectations for modest growth. This decline reversed July’s improvement, when machinery orders grew at an 8.7% annual pace…

  Economic expectations for the both Germany and the Eurozone ticked up in October and surprised positively for the first time since they collapsed this summer. The assessment of current conditions however worsened, going from -84.…

  German factory orders contracted by a larger-than-anticipated 5.8% m/m (3.9% y/y) in August, from a 3.9% expansion (4.6% y/y). Domestically, Germany is constitutionally bound to maintain a balanced budget. The emergency…

  France’s and Spain’s preliminary September CPI readings declined on a month-on-month basis, clocking in at 1.5% and 1.7% y/y respectively, and undershooting consensus expectations. Germany’s and Italy’s…

  German equities have outperformed their Euro Area peers on a year-to-date basis, with the gap widening since May. The MSCI Germany Index returned nearly 4.5 percentage points more than the MSCI Eurozone index over the latter…

  Volkswagen’s CEO has been making the point that the market for European carmakers has been deteriorating. Earlier last week, he went on to make a rather pointed reference at Chinese EV manufacturers. He was quoted…

  Sentiment among German companies declined in August from 87.0 to 86.6. Current conditions shed 0.6 points to 86.5 while the expectations component ticked 0.2 points lower. It nevertheless exceeded consensus expectations for a…

  According to BCA Research’s European Investment Strategy service, investors should fade the rebound in European equities and bond yields as the euro is also at risk. Last week’s bounce in global equities is…

  German Industrial production and factory orders continued their slump in June. The usual powerhouse of the Euro Area economy has been trailing its peers throughout 2024. While both industrial production and factory orders…