01-12-2019, 09:24 AM
German industrial production fell by -1.9% in November. Year over year, production hit a low of -4.6% — the biggest trough since the 2008 crisis. Germany's exports fell -0.4% month over month in November, the government reported today.
Germany probably just went into a recession - Business Insider
A strong rally in stock prices on Friday is giving bullish investors renewed hopes of future gains, but other big daily advances recorded in recent months frequently have been followed by declines to new lows. Meanwhile, analysts at Bank of America Merrill Lynch warn that plunging stock prices, spikes in volatility, and evaporating liquidity in the securities markets may set off a general economic contraction. “We think this [volatility] can no longer be dismissed as noise on the grounds of illiquidity or machine trading alone,” BofAML writes in a recent report quoted by Barron's.