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16 Dec 2013
Flash: German economy should continue to lead - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the German economy should continue to lead the improvement in business confidence supported by the up trend in the global manufacturing cycle.
Key Quotes
“An accord will be signed today to formally establish the new coalition government in Germany after it was revealed yesterday that SPD members voted three-to-one in favour of entering into a grand coalition with the CDU/CSU parties.”
“It has been announced that Wolfgang Schaeuble is set to remain finance minister. The formation of the new government is not expected to lead to any material shift in policy stance regarding Europe. EU leaders will meet this week which may result in a further step towards creating a banking union.”
Key Quotes
“An accord will be signed today to formally establish the new coalition government in Germany after it was revealed yesterday that SPD members voted three-to-one in favour of entering into a grand coalition with the CDU/CSU parties.”
“It has been announced that Wolfgang Schaeuble is set to remain finance minister. The formation of the new government is not expected to lead to any material shift in policy stance regarding Europe. EU leaders will meet this week which may result in a further step towards creating a banking union.”