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Intel shares rose 9.1 percent in Frankfurt after its third-quarter results beat expectations.On October 24th, Ilya Spivak, global head of macro at the financial analytics platform tastylive, predicted that the September US CPI report would show the headline CPI reaching a 16-month high of 3.1% annually, while the core CPI would remain at 3.1%, matching the five-month high reached in July. This would mark the first true test of the Federal Reserves monetary policy direction in September. There is reason for concern about inflation, as the Trump administrations tariffs continue to filter through to prices. A clear sign is that core goods inflation reached a two-year high in August. Services price growth cooled in July and August, but the ISM data suggests a sharp increase is imminent. If signs of rising inflationary pressures force the market to reprice expectations for interest rate cuts next year, stocks could decline while the US dollar strengthens.John Luke Tyner, head of fixed income at Aptus Capital Advisors, noted in a report on October 24th that a significant portion (72%) of the US CPI is exceeding the Federal Reserves 2% inflation target. Services inflation continues to hover above target, with the risk of a delayed impact from tariffs. Inflation has been above the Feds target for over 50 months, and this trend is expected to remain through 2028. Under these circumstances, the Fed is unlikely to significantly cut interest rates.The UKs seasonally adjusted retail sales month-on-month rate in September was 0.5%, in line with expectations of -0.2%. The previous value was revised from 0.50% to 0.6%.The UKs seasonally adjusted retail sales annual rate in September was 1.5%, in line with expectations of 0.4% and the previous value of 0.70%.

In 2023, German Businesses Intend to Invest More in Africa

Mila Graham

Dec 28, 2022 16:07

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According to a poll reviewed by Reuters on Tuesday, German companies need to step up their efforts in Africa in the next few years, particularly in emerging markets like liquefied natural gas and hydrogen. Of the companies surveyed, 43% said they planned to increase their investment there.


A further 39% of association members intend to keep their spending levels in Africa strong, according to a survey of members of the German-African Business Association.


Christoph Kannegiesser, the association's head, told Reuters that "the majority of individuals in businesses need to enhance their sports in the upcoming year." "It creates


Christoph Kannegiesser, the association's head, told Reuters that "the majority of individuals in businesses need to enhance their sports in the upcoming year." Because the trajectory of the continent is still increasing, it makes sense.


According to data from the financial system ministry, German companies invested around 1.6 billion euros in Africa in 2021, of which about 1.1 billion euros went to the sub-Saharan region.


Kannegiesser added he sees enormous opportunities inside the strong region in Africa as Europe's greatest banking system has been striving to minimize its dependence on Russia for the fuel for the invasion of Ukraine.


He noted Senegal, Nigeria, and Mauritania as countries having the capacity for investment, saying "The field of green hydrogen and liquefied gasoline will bring a brand new impetus in many countries."

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