Seeking Alpha

While France deteriorates, Germany powers on

  • German flash manufacturing PMI has climbed to a 29-month high of 52.5 in November from 41.7 in October and topped consensus of 52.
  • Services jumped to 54.5 from 52.9 and vs 53.
  • Manufacturing output rose to 54 from 53.6.
  • Composite output increased to 54.3 from 53.2.
  • The data suggests that the German economy "is well on track to achieve growth of close to 0.5%" in 2013, says Markit.
  • Strong new business and backlogs indicate that the solid growth momentum will be sustained, with improvements in investment spending and job creation set to follow the upturn in business conditions.
  • The DAX is -0.8%, while the euro recovers its post French PMI losses and is -0.1%. (PR)
  • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, EPV, IEV, EZU, DFE, DRR, HEDJ, GXF, GUR, BUND, FEU, EUFX, FDD, ESR, UPV, ULE, FEP, BUNL, URR, GERJ, ADRU, FEEU, DBGR, BUNT, FGM, GGOV, DXGE, DBEU, FIEU
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Comments (4)
  • DeepValueLover
    , contributor
    Comments (9719) | Send Message
     
    The euro has been very good to productive countries like Germany. They may have a surplus within five years.
    21 Nov 2013, 05:55 AM Reply Like
  • seterk
    , contributor
    Comments (241) | Send Message
     
    I have the Scandinavian GXF ETF, do you think this will do a good side play on the German economy? It has been doing well so far this year.
    21 Nov 2013, 08:18 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (9719) | Send Message
     
    I like the (EWGS) ETF.
    21 Nov 2013, 09:48 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2015) | Send Message
     
    Sure glad I quit trading EUO. How it can hold up I have no idea. I am sure the E$ and the US$ will encounter the headwinds of inflation soon. I mean inflation that has to be noted by governments, and by the time they admit it, it will be nasty. I still say buy silver.
    Capt. Brian
    The Lost Navigator
    PS my main money is in the aforementioned mutual funds and making an average of 19% plus over the last 6 months.
    21 Nov 2013, 01:51 PM Reply Like
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