Forex News

Germany: Inflation close to freezing point

While German consumers can be happy about stable prices,

The Q3 GDP growth was revised downwards to 2.6% from 3.0% y/y.

Ifo index rises in December, driven by expectations. Manufacturing sector less gloomy,

Headline CPI is currently held down by sliding oil prices,

PMIs rose slightly as expected in December, pointing towards ongoing,

CPI came in at -0.3% m/m in November reducing the year on year figure by 0.3% points to 1.0% y/y.

Norges Bank cut rates to 1.25% and says it is a 50% probality of a cut again in March.

Australia’s employment expanded by 42.7k in November, building on October’s revised 13.7k rise.

Total housing lending increased by 1.0% in October to be 19.8% higher over the year.

Consumer sentiment plunged by 5.7% in December to its lowest level since August 2011.

Bottom line: Not a bad survey result; some retracement in Business conditions (+5 after +13) and

While the Pound is standing up to the Dollar better than other currencies,