Businessman, Investor, Mentor & Philanthropist! I’m Matt Haycox!
All investments must add more value to my life than just money!
Follow me on my social media channels and get stalking!
I’m no stranger to the world of media (and its backlash!)
We host annual events to help raise funds for terminally ill children.
Meet my incredible team, the experts behind the scenes who’ve helped grow my empire.
I’m always on the lookout for more ambitious, hard working and talented people.
The news you need to read along with tips, strategies and advice.
Are you searching for business loans in UK? Look no further. I understand the value of capital injection.
Looking for expert guidance and actionable strategies? Skip the ‘business consultant.
If you follow me, you’ll know how much I value networking and growing my contact list.
Partnering with me gives you access to my knowledge, skills and contacts.
Gain access to strategies used by multi-millionaires and billionaires to grow their empires.
Are you seeking guidance from a seasoned business coach specialising in executive leadership.
I am open to purchasing opportunities, investments, funding opportunities and joint ventures.
Planning a business, marketing, or corporate event and aiming to leave a lasting impact.
German investor confidence hits highest level since 2004
German investor confidence soared to its highest level in almost 17 years in August as Europe’s largest economy accelerates its rebound from the crushing impact of the coronavirus pandemic.
The ZEW institute’s monthly barometer measuring economic sentiment leapt to 71.5, based on a survey of 178 analysts, the highest since January 2004. The reading is a rise of 12.2 points from July, when it declined slightly.
The survey’s figure for investor confidence in the eurozone also creeped up — by 4.4 points to 64.0.
“Signs of a strong economic recovery in the summer are continuing to appear, in line with a still quite optimistic mood on the financial markets,” according to Uwe Burkert, chief economist at Stuttgart-based bank LBBW.
Analysts had predicted a small fall in investor confidence from 59.3 to 58.0, according to a survey by FactSet.
Following a 10.1 percent plunge in German GDP in the second quarter compared with the first three months of 2020, there was a healthy uptick in industrial production and exports in June, according to figures released last week.
“Hopes for a speedy economic recovery have continued to grow, but the assessment of the situation is improving only slowly,” ZEW President Achim Wambach said.
Domestic sectors should expect to recover, Wambach said, but in a note of caution, he added: “The still very poor earnings expectations for the banking sector and insurers regarding the coming six months give cause for concern.”
“The danger of an expectation bubble, triggered by massive fiscal and monetary-policy impulses, which primarily boost the financial markets, is not off the table,” Burkert noted.
The survey by Mannheim-based ZEW crashed to its lowest rating since the financial crisis in March as pandemic lockdowns first started to impact the economy.
But as the country emerged from the worst of the restrictions put in place, and with the help of large fiscal stimulus measures, confidence dramatically improved from April onwards.
However, there may be further trouble ahead for the economy, with the ZEW survey’s assessment of the current economic situation in Germany falling slightly by 0.4 points to -81.3. The corresponding figure for the eurozone also dropped slightly.
We’ll have to wait to see if German investor confidence continues.
Subscribe To Matt's Newsletter
The News You Need To Read Along With Tips, Strategies And Advice From An 8 Figure Business Owner. In Your Inbox Every Friday!
By submitting your details you agree to receive communications and agree to the privacy policy terms. You can opt out at anytime.
Share:
AUTHOR
Ricky
Related Posts
Having a strong company culture is more important than ever. In our busy work lives, we want to feel like we’re part of something bigger
Investing in a business can be one of the most exciting yet daunting ventures you’ll embark on. Whether you’re eyeing up a new start-up, considering
Navigating the business world can be both thrilling and challenging. It offers exciting opportunities, but it can also come with its share of stress. As
In business, long-term growth and stability require a solid financial foundation. Whether you’re planning major expansions, investing in high-cost equipment, or simply aiming to sustain