German investor confidence steadies in Oct

Confidence among investors in Germany stabilised in October after recovering from a late summer plunge last month, a survey released yesterday showed, but financial players continue to fear trade conflicts.

The Mannheim-based ZEW institute’s monthly barometer of expectations for the coming months inched down 0.3 points compared with September, to -22.8.

“Financial experts continue to assume a worsening economic situation in Germany,” ZEW chief

Achim Wambach said in a statement.

“The latest deal reached in the US-China trade conflict does not seem to be reducing scepticism about growth,” he added. US President Donald Trump in recent days touted a trade breakthrough with Beijing, although details remain unclear.

Germany’s economy has suffered direct and indirect blows from US-led trade conflicts since Trump took office, with particular exposure from its close links to the Chinese economy.

China was Germany’s biggest trade partner between January and July, with 117 billion euros ($130 billion) of exchanges, official data released Monday showed.

Indicators point to a sharp weakening in German industry, while most observers expect GDP figures released Thursday to show a second successive quarter of economic shrinkage between July and September — placing the country in technical recession.

 

German investor confidence steadies in Oct

Confidence among investors in Germany stabilised in October after recovering from a late summer plunge last month, a survey released yesterday showed, but financial players continue to fear trade conflicts. The Mannheim-based ZEW institutes monthly barometer of expectations for the coming months inched down 0.3 points compared with September, to -22.8. Financial experts continue to assume a worsening economic situation in Germany, ZEW chief Achim Wambach said in a statement. The latest deal reached in the US-China trade conflict does not seem to be reducing scepticism about growth, he added. US President Donald Trump in recent days touted a trade breakthrough with Beijing, although details remain unclear. Germanys economy has suffered direct and indirect blows from US-led trade conflicts since Trump took office, with particular exposure from its close links to the Chinese economy. China was Germanys biggest trade partner between January and July, with 117 billion euros ($130 billion) of exchanges, official data released Monday showed. Indicators point to a sharp weakening in German industry, while most observers expect GDP figures released Thursday to show a second successive quarter of economic shrinkage between July and September placing the country in technical recession.