И каква стана тя, зеления по силен дори отпреди феда да развее белия байряк...
Confirming that Germany - and Europe - is currently in a deep manufacturing recession, Markit’s Manufacturing PMI crashed to 44.7 from 47.6, the lowest since 2012 and far below economists’ expectation of a modest rebound to 48. That’s the third consecutive reading below 50, which indicates contraction (and recession). The new orders and employment components also declined.
Germany’s composite index, which includes services, slipped to 51.5, the lowest in 69 months. The services index came in at 54.9 after posting 55.3 in February.
Elsewhere, France - where the ongoing Yellow vest protests have continued to sap the economy - was also hit with the Manufacturing PMI also sliding into contraction, from 51.5 to 49.8, while the Service index tumbled 50.2 to 48.7.
But more remarkable was the latest leg lower in German bunds, where the yield on the 10Y benchmark tumbled back under 0.0%, the lowest it has been since 2016...
Germany’s composite index, which includes services, slipped to 51.5, the lowest in 69 months. The services index came in at 54.9 after posting 55.3 in February.
Elsewhere, France - where the ongoing Yellow vest protests have continued to sap the economy - was also hit with the Manufacturing PMI also sliding into contraction, from 51.5 to 49.8, while the Service index tumbled 50.2 to 48.7.
But more remarkable was the latest leg lower in German bunds, where the yield on the 10Y benchmark tumbled back under 0.0%, the lowest it has been since 2016...
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