Germany Tag

Spotlight Siemens AG: From Dynamo Days to Digital Displays

28 Aug, by Knowledge Leaders Team in Knowledge Leaders

Siemens AG is a global leader in electrification, automation, and digitalization. With headquarters in Munich, Germany, this multinational conglomerate has etched its mark on industries ranging from energy to healthcare. For Siemens, the problems of today are the opportunities of tomorrow. The company recognizes that the...

Regional Differences in European GDP Trends

01 Feb, by Knowledge Leaders Team in Economy

On Monday, Germany’s GDP print for the final quarter of 2022 came out below expectations of 0.0% by -0.2%. This negative (rather than stagnant) figure makes the -0.5% print forecast for Q1 2023 a more foreboding prediction for Germany’s economy. France’s expected GDP for Q4 was...

Common and Unique Threads of European Inflation

20 Jan, by Knowledge Leaders Team in Economy

We got consumer price reports for many European countries this week. The main story for the Eurozone is still one of sticky inflation driven by elevated food and fuel prices, though there are some differences emerging among the major European economies. In this analysis we...

Macron Won, So Why Didn’t the Euro?

25 Apr, by Knowledge Leaders Team in Markets, News

With France’s polls closing yesterday Emmanuel Macron will now serve a second consecutive term as the president of France, the first to do so since Jacques Chirac in 2002. Heading into the vote, Macron had an 80-90% chance of victory according to analysts, representing a...

Spotlight KION Group: Forklifting the Future of Supply Chains

17 Sep, by Knowledge Leaders Team in Knowledge Leaders

Headquartered in Frankfurt, Germany, KION Group is one of the world’s leading makers of forklifts, warehouse equipment, and associated integrated automation technologies. The company was founded in 2006 when Linde AG merged its truck business with STILL and OM under the umbrella of KION Group....

VDAX Set to Rise?

21 Jan, by Knowledge Leaders Team in Markets

In recent history, each time the EUR has fallen relative to the dollar, the implied volatility of the German DAX has risen– sometimes rather sharply....

Beyond the Headline in Germany’s ZEW Survey

18 Nov, by Knowledge Leaders Team in Uncategorized

Today’s release of the ZEW financial market survey for Germany revealed a surprising increase in economic expectations, compared to the consensus for a marginal improvement: chart note:  dark blue = balance red = improve light blue = no change black = worsen Meanwhile, the question...

A Euro On the Move

05 Sep, by Knowledge Leaders Team in Uncategorized

Following the ECB’s June meeting, we noted (here) a curious disparity in the relationship between the EUR/USD exchange rate and the spread between interest rates in Europe versus the U.S.  While the euro had failed to move lower then (as it has in the past),...

A Tick Up In German Credit Default Swaps

24 Jul, by Knowledge Leaders Team in Uncategorized

Given recent drama among Portuguese financial institutions, we are not especially surprised to see an uptick in the yield on credit default swaps (CDSs): What is a little more surprising is the move up–small though it may be (so far, anyway)–in CDS for Germany, aka the...

German And French 10-2 Spread Flattest In The Last 5 Years

21 Jul, by Knowledge Leaders Team in Uncategorized

The front-end of the yield curve has flattened in many bond markets this year. The German and French bond markets closed last week with their 10-year bond yield minus 2-year bond yield spread at it’s smallest level since January 2009. The German spread fell to...

Bund-Treasury Spread Continues to Widen

24 Jun, by Knowledge Leaders Team in Uncategorized

The difference in yield on 10-year U.S. treasuries (grey line) compared to German bunds (blue line) has surpassed recent extremes of 2005/2006 and now exceeds more than 130 bps– a level not seen since 1999, the year the euro was born....