Trade Hopes Trump Dismal German Data for European Equities
This article is for subscribers only.
It’s unusual to see such gloomy data on German economic activity having so little impact on European equities.
The nation’s industrial production slumped 1.9 percent in November, raising the risk of an imminent recession for Europe’s largest economy. It’s the worst year-on-year drop since the end of the financial crisis, but it seems investors have brushed aside this risk to focus on potential good news from the U.S.-China trade front.