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Germans have factories? Where have I have been?
VW and BMW both reporting China-driven sales increases this morning.
A German factory orders beat is the only way out of this morasse today for the DAX.
When you talk to real people on the ground (wind energy maintenance engineer I know) they will tell you that there are no layoffs yet, but that management has politely asked to look for opportunities elsewhere. Translation: you guys better go look for another job before you get the sack.
Ford Germany is back in Kurzarbeit, Continental tire plant, too.
Might become a disappointment, those factory orders.
Actually, it was a massive beat.
Yes, one, uh, well, the numbers, have to look into details, rather mixed though, uhhh.
Luckily I was flat.
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