Between hoping and care.

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Sehr gehrte Readers and Readers,

das ifo-Geschäftsklima has in März for first time since six months s sales sales rise . This, at first view good news relative but at glance at the individual areas responsible für the rise goods services sector 2C trade and construction.In the industry, the as Smood indicator für the world economy and the Börsen applies, ging es further section bergab (graph1). the expectations of the entrepreneurs in the processing industry have now arrived on the lowes value since November 2012 .

Der pessimism in the industry shows itself also in exporter expectations. you brownfield in März straight a (graph 2).

Ein hope glimmer comes from China.We had in the previous month already already indicated that most of the economists in the coming months are recreating the world economy expect expect 2C weil China as well über the money as also über the fiscal policy again more gas . at least in den Frühindicators there shows itself now one first improvement.If it is true, that it in großer part of the swäche in the industry the problems in China debted was, then müssten should also the expectations in the industry brighten up. 

An the capitalmärkten as as you are share prices. the investors look through the current economic switch C3

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