The volume of industrial orders in Germany surpassed market expectations

This morning
out reports, according to which in June
German industrial orders
enterprises increased by 2% on a monthly
expression. Such data are published
Ministry of Economy of Germany. Average
Bloomberg analysts predicted an increase
only 0.2-0.3%. In annual terms,
indicator jumped by 7.2% (instead of
expected recovery 5.2%).

In June
German industrial orders rise
business analysts see a sign
strong growth of the largest in size
GDP of the eurozone countries. According to experts,
record low unemployment in Germany,
ECB stimulus programs and low
oil prices will support the rise of the German
industry.

"fundamental
performance of the German economy
stable. There has been a sharp decline
energy prices, which will
support to the economy; Euro we faint
and, of course, interest rates are incredibly
low"- said a senior economist
ABN Amro Bank Aline Shuyling.

after the release of
Report EUR / USD pair rose
prior to the session high 1.0930, but then
the euro began to weaken, and to 11:00 MSK pair
trading at 1.0890 (0.14%).