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BIZARRE: Ifo - What They Never Told You

Economy: why Poland is booming while eastern Germany falls behind

Eastern Germany risks falling behind, economists warn, while neighbours such as Poland are booming. What sets them apart, and what does the East need to turn things around?

Euronews

Nasdaq Futures Rally on Upbeat Intel Earnings and Iran Talks Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +1.33% this morning as strong quarterly results and guidance from chipmaker Intel, along with optimism over potential U.S.-Iran talks, boosted sentiment.

Barchart

Stocks Rise Before the Open as Fed Rate-Cut Bets Grow, U.S. ADP Jobs Report in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.19%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.33% this morning as Treasury yields extended their decline after the latest jobs report made it all but certain that the Federal Reserve will cut interest rates this month.

Barchart

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German 'Bureaucracy Monster' On Everyone's Election Hit List

German politicians make a lot of laws and regulations but on the campaign trail many rage against the country's notorious bureaucracy, labelling it a monster that needs to be slayed.

International Business Times

Trump vows 25% tariffs on Mexico and Canada and deeper tariffs on China

President-elect attacks neighbors over immigration and accuses China over fentanyl entering US

The Guardian - US

'Light On The Horizon': German Business Morale Improves

German business morale rose more strongly than expected in March, a key survey showed Friday, raising hope there is "light on the horizon" for Europe's crisis-hit top economy.

International Business Times

Adobe’s $20bn merger with Figma abandoned; UK economy ‘limping’ as high interest rates bite – as it happened

Adobe’s proposed $20bn merger with product design software company Figma has been terminated, following competition probes in EU and UK

The Guardian - UK

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Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany’s economy shrank in recent months, and business confidence is still in the dumps

The Independent UK

Britain has felt the shift to home working more than most countries

For many reasons it is no surprise that the office exodus is so pronounced in the historical centre of Anglo-Saxon capitalism

The Guardian - UK

German business confidence improves for 4th straight month

A closely watched survey shows that German business confidence has strengthened for a fourth consecutive month as managers look past current problems to take a more optimistic view of the months ahead

The Independent UK

Recession clouds gather in Germany, Europe's largest economy

Europe’s largest economy is sending recession signals

The Independent UK

How war in Ukraine convinced Germany to rebuild its army

With the Bundeswehr at breaking point, the government has pledged a €100bn military spending spree — will it be enough?

Financial Times

Many Germans still work from home despite end of COVID requirement - Ifo

The proportion of German people working from home fell only slightly in April, according to a survey published on Monday, despite the country lifting remote-working requirements brought into force to combat the COVID-19 pandemic.

Reuters

German business confidence picks up after plunging on war

A survey shows that German business confidence has picked up slightly this month after plunging in March following Russia's invasion of Ukraine

The Independent UK

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The Guardian - UK

Markets hit by China lockdown fears; UK manufacturing confidence slides amid supply crunch – as it happened

Fears over China’s economy are rising as Beijing district launches mass-testing, factory confidence drops and more British households are hit by rising costs

The Guardian - UK

Germany braces for gas rationing as Putin’s rouble payment deadline approaches – as it happened

Moscow wants rouble payments for gas shipments by Thursday, as Russia’s top lawmaker suggests fertiliser, grain and other commodities should also be paid for in roubles

The Independent UK

German business confidence drops sharply on war worries

A survey shows that German business confidence has dropped sharply as company managers’ outlook for the coming months darkens following the Russian invasion of Ukraine

The Guardian - UK

Inflation pressures hit consumer confidence; Moscow stock market falls back – as it happened

Rolling coverage of the latest economic and financial news

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