First came the ignominy of corporate manipulation by Volkswagen in its software. German management principles are as much under stress as the economic firmament.
Then comes the news that exports fell hard and long - by 5.2% in August compared to July, according to Germany's Statistics Office. The imports in to Germany too had fallen ; so trade inwards and outwards were both affected.
Then came the losses for 3rd quarter at Deutsche Bank where losses exceeded $ 6. 7 billion .
If Europe's big economy is weakening. markets will capture the economic seismic tremors.
It seems a seller's day.
The views expressed are without risk and responsibility. This blog recommends no investment.
Then comes the news that exports fell hard and long - by 5.2% in August compared to July, according to Germany's Statistics Office. The imports in to Germany too had fallen ; so trade inwards and outwards were both affected.
Then came the losses for 3rd quarter at Deutsche Bank where losses exceeded $ 6. 7 billion .
If Europe's big economy is weakening. markets will capture the economic seismic tremors.
It seems a seller's day.
The views expressed are without risk and responsibility. This blog recommends no investment.
No comments:
Post a Comment