Bloomberg Germany’s economic growth picked up only moderately in the first quarter and the underlying pace of expansion remains subdued on the back of an industrial downturn, according to the Bundesbank. Orders in manufacturing have “literally collapsed” and the mood has “significantly deteriorated” in the industry that used to be the motor of export-heavy economy, the German central bank said ...

Bloomberg The European Central Bank’s (ECB) negative interest-rate policy has been effective at stimulating the economy and there isn’t a need at this stage to mitigate the profit squeeze it’s caused commercial banks, according to Governing Council member Vitas Vasiliauskas. “I think it’s still a positive tool and at this stage, today, I don’t think that there is a need ...

Bloomberg A combination of low liquidity and high complacency mean cross-asset volatility won’t stay at historic lows for much longer, according to Morgan Stanley. “There are still two things that argue against the current levels of volatility being correct or sustainable,” cross-asset strategist Andrew Sheets said in an interview. “The first is that market liquidity is still not great. The ...