Roundup 3: Abrupte U -turn in Middle East: Waffen rest instead of escalation
Washington/Tehran/Tel Aviv – the world just kept the breath away whether the war between Israel and Iran is going out of hand – US President Donald Trump announced the end of the “twelve -day war”. Just two nights earlier, he had the extremely secure Iranian nuclear facilities attacked with the strongest non -atomic bombs in the world. But then the sheet turned.
USA: Consumer confidence clouds unexpectedly clearly
Washington – The mood of consumers in the United States unexpectedly clouded in June. The consumer indicator fell by 5.4 points to 93.0 points, the market research institute Conference Board said in Washington on Tuesday. On the other hand, economists expected an average increase to 99.8 points. In May, the indicator had recovered significantly after he had previously fallen for five months in a row.
FED chairman Powell also has no hurry with interest reductions
Washington – The chairman of the US Federal Reserve Fed, Jerome Powell, has once again affirmed not haste at interest. First of all, it is about getting more clarity about the economic effects of the tariffs imposed by President Donald Trump. “The effects of the tariffs will depend, among other things, on their final height,” said Powell on Tuesday, according to the speech at a hearing before the Finance Committee of the House of Representatives.
Rich for scarce framework with the USA in the customs dispute
Berlin – Federal Minister of Economics Katherina Reiche (CDU) has been optimistic about an early solution to the customs dispute with the United States. At the day of the industry in Berlin, she said the question was whether you go to the last screw through every single dossier – or whether you quickly create security through a framework agreement, which addresses big points and take the pressure away. The German steel and automotive industry urgently need clarity. “I’m still optimistic.” There is nothing to publicly insult the Americans.
Berenberg Bank: Fiscal package increases growth potential
Frankfurt – Berenberg Bank sees better growth opportunities for Germany. “The investments in the infrastructure and structural reforms support the growth trend,” said Holger Schmieding, chief economist of Berenberg Bank on Tuesday in Frankfurt. The so -called growth potential increases from 0.4 to 0.8 percent. With this trend growth, economic output can increase without increasing inflation.
Klingbeil: The black zero is not a value for me
Berlin – Finance Minister Lars Klingbeil defended the high debt planned in the federal budget. It is important to take money in your hand now so that the economy is growing. “I think nothing is more expensive than standstill in recent years,” said Klingbeil. For him, the black zero is “no value in itself” if bridges and schools were rotten and the Bundeswehr be neglected. “Unlike for some predecessors, this is not a special value for me if I keep the money and cannot spend it and if I notice that nothing is going on in the country,” said Klingbeil.
Roundup/IFO: Corporate mood has increased at the highest level for over a year
Munich – Falling interest and the planned billion dollar investments by the new federal government in the infrastructure further open the mood in the German economy. In June, the IFO business climate increased by 0.9 points to 88.4 points, as the IFO Institute announced in Munich on Tuesday. The most important German economic barometer rose for the sixth month in a row and reached the highest value since May 2024. “The German economy is slowly drawing confidence,” commented IFO President Clemens Fuest.
Customer notice:
Roundup: You read a summary in the economic overview. There are several reports on this topic on the dpa-AFX intelligence service.
/JSL