Germany economic challenges in one chart
Source: Statistisches Bundesamt
In case you missed it... European gas price falls to pre-energy crisis level
Strong imports of liquefied natural gas, warm weather and demand reduction as a result of high prices in recent years have all helped keep gas stored in the EU’s underground storage facilities at historically high levels during this winter, putting pressure on prices. The price of Title Transfer Facility (TTF), the European benchmark, fell to as low as €22.53 per megawatt hour on Friday, the lowest since May 2021, on course for a third consecutive weekly decline. Source: FT
Yes, the Eurostoxx 50 (orange line) is beating the NASDAQ (purple line) since the start of the year...
Source: TME
European stocks are hitting all-time highs, following Japan!
source : bloomberg
Germany’s manufacturing downturn unexpectedly deepens amid falling demand at home and abroad.
S&P Global’s PMI for the country’s industrial sector dropped to 42.3 from 45.5 the previous month – well below any economist estimate in a Bloomberg survey. The picture was brighter in France, where the contraction eased much more than analysts had predicted. Companies reported improving demand while expanding their workforce. Source: Bloomberg, HolgerZ
CME Group Debuts Bitcoin, Ethereum Futures For Europe
The CME Group will be launching euro-denominated micro Bitcoin and Ethereum futures next month, answering surging demand in the derivatives market. The Chicago-based trading firm announced on Tuesday that it would launch the crypto futures for the European market due to the popularity of U.S. dollar-denominated counterparts. The futures will launch on March 18, pending regulatory review. source : decrypt
Bloomberg city tracker European major cities
Berlin’s housing slump is over as shortage lures investors. The prospect of higher rents in the German capital is countering the downward pull of financing costs. Berlin rents jumped 20% YoY in Q4, faster than national average of 7.7%. As a side note, Athens' price jump is quite interesting Source: HolgerZ, Bloomberg
What‘s wrong with Europe in one chart.
These European companies have been in the automotive business for decades. Why are they so painfully slow to adapt to new reality? Source: Michel A.Arouet, Bloomberg
