Europe falls early; German exports post big drop

• European shares are in the red, tracking a sell-off on Wall Street after strong U.S. jobs data raised expectations that the Fed could raise interest rates sooner than previously thought.
• German export data released this morning also weighed on sentiment, after seasonally-adjusted exports decreased by 2.1% in January - the biggest drop in five months.
• Meanwhile, the ECB begins its €60B per month QE program today, as it looks to stimulate the eurozone economy and avert the threat of deflation.
• FTSE 100 -0.6%; DAX -0.4%; CAC 40 -0.6%; Euro Stoxx 50 -0.5%.
• Earlier: Asian shares lower following U.S. jobs report (Mar. 09 2015)
• ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG

Comments

[amm756]

what is the concensus about wether or not the European QE program will have the same affect on their stock markets as it did for the US? Is the outlook for their markets generally positive? Will the corillation between our markets and theirs separate somewhat especially since our rates will be rising and theirs not? I would suspect that the outlook would be better for them.

[dunnhaupt]

German "exports" stay mostly within the Eurozone. So the exchange rate makes absolutely no difference. If their exports are lower now, then it is simply because people are buying less.