Wednesday, July 24, 2019 | ePaper

Signs of gloom lifting for German investors

  • Print
AFP, Frankfurt :
Confidence among German investors recovered slightly from recent months' lows in December, a regular survey found Tuesday, but remained gloomy overall.
Measuring expectations for the coming months, the ZEW institute's monthly barometer based on a poll of 201 analysts and financial players added 6.6 points to reach -17.5.
"The increase in economic expectations in December is welcome, but shouldn't be over-interpreted," warned ZEW chief Achim Wambach in a statement.
"Uncertainties negatively influencing private investment and German exports remain, like the growing international trade conflict and Brexit."
Looking to other elements of the survey, investors' judgement of the current economic situation in Germany worsened by 12.9 points, to 45.3.
"This points to relatively weak economic growth in the fourth quarter" following a contraction of 0.2 percent between July and September, Wambach said. Financial players' view of the present situation in the 19-nation eurozone also darkened, but their outlook for the bloc was slightly brighter.
There has been some relief for the single currency area in recent days, as Italy promised to rework a draft budget that was rejected by Brussels.
And US President Donald Trump agreed with China's Xi Jinping on 90 days of talks to defuse the trade showdown whose knock-on effects have also harmed the eurozone.
But Britain's departure from the EU on friendly terms remains in doubt, after Prime Minister Theresa May shrank back from a vote on her proposed Brexit deal as it became clear lawmakers would not back it.
In 2017, the UK was Germany's fourth-biggest export customer and 11th-biggest import supplier, according to figures from Germany's central bank.

More News For this Category

Kazi Towhidul Alam, Additional Managing Director of Social Islami Bank Ltd and Kabir Uddin Tusher, Senior General Manager of Asgar Ali Hospital, exchanging an agreement signing document at the bank's corporate office in the city on Monday. Under the deal, debit and credit card holders of SIBL and the employees of SIBL along with their family members will enjoy special discount facilities for all medical services and diagnostic test at the hospital.

Kazi Towhidul Alam, Additional Managing Director of Social Islami Bank Ltd and Kabir Uddin Tusher, Senior General Manager of Asgar Ali Hospital, exchanging an agreement signing document at the bank's corporate office in the city on Monday. Under the deal, debit and credit card holders of SIBL and the employees of SIBL along with their family members will enjoy special discount facilities for all medical services and diagnostic test at the hospital.

BB raises farm loan disbursement

Economic Reporter :Bangladesh Bank (BB) has raised the agriculture and rural loan disbursement target by 10.66 percent to Taka 24,124 crore for the current 2019-20 financial year (FY20).Deputy Governor of

Md Fazlul Karim, Deputy Managing Director of Al-Arafah Islami Bank Ltd, inaugurating 'Tree Plantation Campaign 2019' at Chunkutia Girls High School of South Keranigonj on Tuesday. Bank's EVP Manir Ahmad and Principal of the school K M Elias, among others, were present.

Md Fazlul Karim, Deputy Managing Director of Al-Arafah Islami Bank Ltd, inaugurating 'Tree Plantation Campaign 2019' at Chunkutia Girls High School of South Keranigonj on Tuesday. Bank's EVP Manir Ahmad and Principal of the school K M Elias, among others, were present.

BGMEA, BKMEA get Tk 9.14cr of labourer insurance

Economic Reporter :Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) on Tuesday received Taka 9.14 crore as insurance claim for labourers' death and

DCCI leaders emphasis on strong economic ties among neighbouring countries

Economic Reporter :Leaders of Dhaka Chamber of Commerce and Industry (DCCI) have emphasised on strong economic ties among south and southeast countries to create business opportunities and to reduce trade

Bangladesh Development Bank Ltd General Manager (Admin) Md Abdul Baqui and Head of Training Institute Rubina Yeasmin Khan along with participants pose after attending a four-day long training course on

Bangladesh Development Bank Ltd General Manager (Admin) Md Abdul Baqui and Head of Training Institute Rubina Yeasmin Khan along with participants pose after attending a four-day long training course on "Anti-Money Laundering & Combating Financing of Terrorism" at its Karwan Bazar Training Institute in the city on Tuesday.

Abdul Aziz, Additional Managing Director of Shahjalal Islami Bank Ltd and Naimul Huda, General Manager of Finance & Accounts of Incepta Pharmaceuticals Ltd, exchanging an agreement signing document at bank's corporate office in the city on Tuesday.  Bank's Managing Director  M Shahidul Islam, Deputy Managing Directors M Akther Hossain, Mian Quamrul Hasan Chowdhury and Imtiaz U Ahmed, among others, were present. Under the deal, all employee of the company can open their bank account in the bank without keeping any initial deposit and will enjoy other Banking facilities.

Abdul Aziz, Additional Managing Director of Shahjalal Islami Bank Ltd and Naimul Huda, General Manager of Finance & Accounts of Incepta Pharmaceuticals Ltd, exchanging an agreement signing document at bank's corporate office in the city on Tuesday. Bank's Managing Director M Shahidul Islam, Deputy Managing Directors M Akther Hossain, Mian Quamrul Hasan Chowdhury and Imtiaz U Ahmed, among others, were present. Under the deal, all employee of the company can open their bank account in the bank without keeping any initial deposit and will enjoy other Banking facilities.

TVS launches TVS Apache RTR 160 Race Edition in BD

Economic Reporter :TVS Auto Bangladesh, a reputed Motor Company, on Tuesday launched the power packed TVS Apache RTR 160 Race Edition in the country.A testimony to the racing legacy of

BB asks banks to open monitoring cell for classified loans

Economic Reporter:Bangladesh Bank (BB) asked the scheduled banks to open 'Special Monitoring Cell', headed by Deputy Managing Director (DMD), for monitoring the classified loans amounting Taka 100 crore or above."Scheduled

Govt letter to 'Pran' to stop ad on foreign TV

Economic Reporter :The Information Ministry has issued an office letter to 'Pran', a private company, to stop advertisements of their products on foreign television channels for the local viewers.The TV-2