Germany News & Analysis

Almost 100,000 workers joined walkouts at Volkswagen’s German plants on Monday in protest at management plans to cut wages and even close sites at Europe’s biggest carmaker, the IG Metall union said, threatening further industrial action.
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French sovereign bonds rose, though the yield spread with Germany still traded near the widest since the European debt crisis

French political drama sent EUR/USD below 1.05 yesterday. Rate spreads have pushed out to the wides of the year as the market assumes that pressure is only going to grow on the ECB for rate cuts if governments in both France and Germany are out of orde…

Thousands of workers at Volkswagen sites across Germany participated in warning strikes on Monday as a conflict with management escalated over the carmaker’s plans to slash jobs, cut pay and close factories.

VWAGY faces labor strikes at plants across Germany after it declined to rule out workforce reductions and potential plant closures in its home market.

Workers at nine of the automaker’s German factories walked off their jobs for several hours, and warned they would escalate the action if their demands went unmet.

Germany HCOB Manufacturing PMI registered at 43, below expectations (43.2) in November

Germany Unemployment Rate s.a. in line with expectations (6.1%) in November

Germany Unemployment Change came in at 7K below forecasts (20K) in November

Germany Retail Sales (YoY) registered at 1%, below expectations (3.2%) in October

Germany Retail Sales (MoM) below expectations (-0.3%) in October: Actual (-1.5%)

Germany Import Price Index (YoY) above forecasts (-1.2%) in October: Actual (-0.8%)

Germany Import Price Index (MoM) above expectations (0.1%) in October: Actual (0.6%)

IBDRY’s Windanker wind farm offshore Germany is expected to have a total capacity of 315 megawatts (MW), comprising 21 turbines, each with a capacity of 15 MW.

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.2% on a yearly basis in November from 2% in September, Destatis’ flash estimate showed on Thursday.

Germany Consumer Price Index (YoY) below expectations (2.3%) in November: Actual (2.2%)

Germany Consumer Price Index (MoM) in line with forecasts (-0.2%) in November

Germany Harmonized Index of Consumer Prices (MoM) came in at -0.7%, below expectations (-0.5%) in November

Germany Harmonized Index of Consumer Prices (YoY) came in at 2.4%, below expectations (2.6%) in November

Borrowing costs for France have hit a 12-year high relative to Germany, and were more than those of Greece for the first time ever

Deutsche Telekom selects NOK’s comprehensive Airscale portfolio to deploy multi-vendor O RAN architecture across Germany.

Paris’s cost of borrowing relative to Germany reaches highest level since Eurozone crisis in 2012

Germany GfK Consumer Confidence Survey below expectations (-18.6) in December: Actual (-23.3)

Germany 5-y Note Auction: 2.04% vs previous 2.13%

The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe to cut its work force.

While Copart’s fiscal Q1 EPS matches estimates, it declines year over year. Ford is set to cut around 4,000 jobs in Europe.

Robert Bosch, which employes arounf 429,000 people, is overhauling its workforce as the company struggles with Germany’s flatlining economy.

The Euro (EUR) fell to 2-year low last Fri after PMIs slumped in Germany and France.

Germany IFO – Expectations came in at 87.2, above forecasts (87) in November

Germany IFO – Business Climate below expectations (86) in November: Actual (85.7)

Germany IFO – Current Assessment below forecasts (85.4) in November: Actual (84.3)

Germany accuses Saudi Arabia and Russia of trying to block progress on efforts to cut fossil fuel use

The US hasn’t produced TNT on American soil in decades, but a new contract issued by the military is going to change that.

An Amazon internal policy seen by BI outlines how staff in Germany can apply to work from home once a week, or twice in exceptional circumstances.

Airbus has shipped its first H145M helicopter to the German Armed Forces.

The key economies of Germany and France look to be sputtering as the eurozone faces the prospect of higher import tariffs from the U.S. as well as political trouble at home, according to data released Friday.