Latest news with #Wambach
Yahoo
15-07-2025
- Business
- Yahoo
Germany's economic sentiment hits highest level since early 2022
Germany's economic sentiment climbed to its highest level in over three years in July, fuelling hopes that Europe's largest economy may be on a firmer path to recovery. The ZEW Indicator of Economic Sentiment, which gauges investor expectations for the German economy, rose to 52.7 points this month, up from 47.5 in June and well above economist expectations of 50.3. This marks the strongest reading since February 2022, shortly before Russia's invasion of Ukraine disrupted global trade and energy flows. 'After the strong improvements of the past two months, the positive sentiment among respondents is becoming more firmly established,' said ZEW President Professor Achim Wambach. 'Despite ongoing uncertainty due to global trade conflicts, nearly two-thirds of the experts expect the German economy to improve.' Germany's ZEW Current Conditions index rose to -59.5 in July 2025, its highest level since June 2023, up from -72 the previous month and outperforming expectations of -66. Wambach pointed to hopes of a speedy resolution to the US-EU tariff standoff, alongside the German government's proposed emergency investment programme, as key drivers of optimism. The upbeat sentiment was particularly notable in expectations for mechanical engineering, metal production and the electrical engineering sector. The positive sentiment extended to the broader eurozone. The ZEW sentiment index for the single-currency bloc rose modestly to 36.1 in July, up 0.8 points from June. The assessment of current conditions in the eurozone also improved, though it remained in negative territory at minus 24.2, a 6.5-point gain from the previous month. Related German business sentiment rises: Ifo sees sixth consecutive lift Which European economy stands to suffer the most from US tariffs? Financial markets reacted with caution. The euro gained 0.2% against the US dollar to $1.1680, on track to snap a four-day losing streak. Bund yields dropped 3 basis points to 2.69%, after hitting on Monday their highest levels since early April. Still, investor nerves were apparent after US President Donald Trump announced a new 30% tariff on European Union imports from 1 August. The European Commission has pledged to intensify negotiations to avert a trade-war escalation. Germany's DAX index was unchanged at 24,200 points, consolidating after three consecutive sessions of losses. The broader Euro STOXX 50 rose 0.3%, supported by strength in industrial and automotive names. Among top gainers, ASML Holding advanced 2.4%, followed by BASF (1.92%), Mercedes-Benz (1.74%), Volkswagen (1.45%) and BMW (1.44%). On the downside, L'Oréal fell 1.35%, Orange slipped 1.23% and Telefónica declined 0.91%. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Germany's economic sentiment hits highest level since early 2022
Germany's economic sentiment climbed to its highest level in over three years in July, fuelling hopes that Europe's largest economy may be on a firmer path to recovery. The ZEW Indicator of Economic Sentiment, which gauges investor expectations for the German economy, rose to 52.7 points this month, up from 47.5 in June and well above economist expectations of 50.3. This marks the strongest reading since February 2022, shortly before Russia's invasion of Ukraine disrupted global trade and energy flows. 'After the strong improvements of the past two months, the positive sentiment among respondents is becoming more firmly established,' said ZEW President Professor Achim Wambach. 'Despite ongoing uncertainty due to global trade conflicts, nearly two-thirds of the experts expect the German economy to improve.' Germany's ZEW Current Conditions index rose to -59.5 in July 2025, its highest level since June 2023, up from -72 the previous month and outperforming expectations of -66. Wambach pointed to hopes of a speedy resolution to the US-EU tariff standoff, alongside the German government's proposed emergency investment programme, as key drivers of optimism. The upbeat sentiment was particularly notable in expectations for mechanical engineering, metal production and the electrical engineering sector. The positive sentiment extended to the broader eurozone. The ZEW sentiment index for the single-currency bloc rose modestly to 36.1 in July, up 0.8 points from June. The assessment of current conditions in the eurozone also improved, though it remained in negative territory at minus 24.2, a 6.5-point gain from the previous month. Related German business sentiment rises: Ifo sees sixth consecutive lift Which European economy stands to suffer the most from US tariffs? Financial markets reacted with caution. The euro gained 0.2% against the US dollar to $1.1680, on track to snap a four-day losing streak. Bund yields dropped 3 basis points to 2.69%, after hitting on Monday their highest levels since early April. Still, investor nerves were apparent after US President Donald Trump announced a new 30% tariff on European Union imports from 1 August. The European Commission has pledged to intensify negotiations to avert a trade-war escalation. Germany's DAX index was unchanged at 24,200 points, consolidating after three consecutive sessions of losses. The broader Euro STOXX 50 rose 0.3%, supported by strength in industrial and automotive names. Among top gainers, ASML Holding advanced 2.4%, followed by BASF (1.92%), Mercedes-Benz (1.74%), Volkswagen (1.45%) and BMW (1.44%). On the downside, L'Oréal fell 1.35%, Orange slipped 1.23% and Telefónica declined 0.91%.
RTÉ News
15-07-2025
- Business
- RTÉ News
German investor morale rises more than expected in July, ZEW finds
German investor morale rose more than expected in July, the ZEW economic research institute said today, reporting an increase in its economic sentiment index to 52.7 points from 47.5 points in June. Analysts polled by Reuters had pointed to a reading of 50.3. "After the strong improvements of the past two months, the positive sentiment among respondents is becoming more firmly established," said ZEW President Achim Wambach. The assessment of the current economic situation also experienced a significant increase, with the indicator rising to -59.5 points from -72 points. Despite ongoing uncertainty due to global trade conflicts, nearly two-thirds of the experts expect the German economy to improve, Wambach said. Some 200 analysts and institutional investors took part in ZEW's survey, which was conducted between July 7 and 14.
Euronews
15-07-2025
- Business
- Euronews
Germany's economic sentiment hits highest level since early 2022
Germany's economic sentiment climbed to its highest level in over three years in July, fuelling hopes that Europe's largest economy may be on a firmer path to recovery. The ZEW Indicator of Economic Sentiment, which gauges investor expectations for the German economy, rose to 52.7 points this month, up from 47.5 in June and well above economist expectations of 50.3. This marks the strongest reading since February 2022, shortly before Russia's invasion of Ukraine disrupted global trade and energy flows. 'After the strong improvements of the past two months, the positive sentiment among respondents is becoming more firmly established,' said ZEW President Professor Achim Wambach. 'Despite ongoing uncertainty due to global trade conflicts, nearly two-thirds of the experts expect the German economy to improve.' Germany's ZEW Current Conditions index rose to -59.5 in July 2025, its highest level since June 2023, up from -72 the previous month and outperforming expectations of -66. Wambach pointed to hopes of a speedy resolution to the US-EU tariff standoff, alongside the German government's proposed emergency investment programme, as key drivers of optimism. The upbeat sentiment was particularly notable in expectations for mechanical engineering, metal production and the electrical engineering sector. The positive sentiment extended to the broader eurozone. The ZEW sentiment index for the single-currency bloc rose modestly to 36.1 in July, up 0.8 points from June. The assessment of current conditions in the eurozone also improved, though it remained in negative territory at minus 24.2, a 6.5-point gain from the previous month. Markets steady as trade tensions linger Financial markets reacted with caution. The euro gained 0.2% against the US dollar to $1.1680, on track to snap a four-day losing streak. Bund yields dropped 3 basis points to 2.69%, after hitting on Monday their highest levels since early April. Still, investor nerves were apparent after US President Donald Trump announced a new 30% tariff on European Union imports from 1 August. The European Commission has pledged to intensify negotiations to avert a trade-war escalation. Germany's DAX index was unchanged at 24,200 points, consolidating after three consecutive sessions of losses. The broader Euro STOXX 50 rose 0.3%, supported by strength in industrial and automotive names. Among top gainers, ASML Holding advanced 2.4%, followed by BASF (1.92%), Mercedes-Benz (1.74%), Volkswagen (1.45%) and BMW (1.44%). On the downside, L'Oréal fell 1.35%, Orange slipped 1.23% and Telefónica declined 0.91%.
Fox News
30-06-2025
- Politics
- Fox News
Trump, administration 'geniuses' for doing at least 1 crucial thing, USWNT legend Abby Wambach says
U.S. women's soccer legend Abby Wambach admitted in a recent podcast interview that President Donald Trump and his administration are "geniuses" in at least one thing. Wambach, along with author Glennon Doyle, opened up about what she called a "complicated" relationship with the U.S. and lamented that Trump and his officials were able to get their voters to rally and elect him as president once again in 2024. She spoke to MSNBC's Nicolle Wallace on her "Best People" podcast. "I think about it from a team perspective, because I have so much experience being in a community of a team," Wambach explained. "And being a person who represented this country, and I consider myself very patriotic in many ways, and yet my relationship with my country is very complicated because of all the things that go on inside our administration, the things that we are seeing. "But I do believe that one of the things that Trump and the administration are geniuses at is getting people to believe they are a part of this community. This community piece, allows people to not pay attention to every little thing. They're stoking them in a way that keeps them believing that they are part of something that is good even if there are some consequences that are happening in order to get to this. Like it is like the ends justifies the means in some way." Wambach said that when someone is trying to develop so-called "team culture," what Trump and his administration have done in that development is a "very smart way to do it." However, Wambach believes some Trump supporters are having second thoughts. "I think that you are seeing some folks going, 'Wait a second I didn't sign up for all of this,' and that is laughable to me because he wasn't hiding the playbook. They just didn't believe, I think part of them probably felt like, 'Oh the playbook is just like that is just never going to happen, right like that is too far down that is never going to happen. Let's just get him in office he is a good businessman.' I also think there is probably a sector of people that are like, 'Yeah we want all of this stuff to happen.' "There is, I think there is a smaller version, but I do think some of the folks that voted for him are probably questioning their vote and also embarrassed to go back on it. It is once you get entrenched in that community, it's like if you get out where do you go, it is almost like there is no place for folks who actually want to jump ship to land because they can't see themselves in all of our world." Trump touted his poll numbers earlier this month, saying his approval rating was "the highest it's ever been." However, recent surveys suggested the president's approval ratings remain in the upper 40s with his disapproval rating around 50%. Follow Fox News Digital's sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.
