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Germany should diversify its trade partners, economic adviser says

Friday, January 13, 2023

BERLIN (Reuters) - Germany needs to diversify its international business partners and focus on new regions of the world, the government's chief economic adviser said, arguing that German companies should reflect on how to become less dependent on China.

"Asia is more than just China and America is also more than just the U.S.," Monika Schnitzer told Reuters in an interview published on Thursday.

She also advocated for closer relations among European countries. "We, as the European Union, should position ourselves strategically," Schnitzer said.

She considers the U.S. Inflation Reduction Act "discriminatory", because only companies that are local or represented in trade agreements benefit from the U.S. subsidies and she added that Germany should not go by itself and counter-subsidize.

"That is wrong, because we see Europe as a common market and must act together," Schnitzer said.

The economic adviser stressed the importance of the United States as a trading partner for Germany and argued for a new attempt to seek a free trade agreement between the European Union and the United States.

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04-06-2023 00:00:48 (UTC+7)

EUR/USD

1.0708

-0.0054 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0708

-0.0054 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2450

-0.0077 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

USD/JPY

139.97

+1.17 (+0.85%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.6602

+0.0031 (+0.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3428

-0.0021 (-0.16%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

EUR/JPY

149.89

+0.52 (+0.35%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9733

-0.0013 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Gold Futures

1,964.30

-31.20 (-1.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

23.695

-0.292 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Copper Futures

3.7310

+0.0200 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

71.87

+1.77 (+2.52%)

Summary

Sell

Moving Avg:

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Sell (8)

Indicators:

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Brent Oil Futures

76.40

+2.12 (+2.85%)

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↑ Buy

Moving Avg:

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Natural Gas Futures

2.177

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Indicators:

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US Coffee C Futures

180.60

-2.45 (-1.34%)

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↑ Sell

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Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Euro Stoxx 50

4,323.52

+65.91 (+1.55%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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S&P 500

4,282.37

+61.35 (+1.45%)

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↑ Sell

Moving Avg:

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Sell (9)

DAX

16,051.23

+197.57 (+1.25%)

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↑ Sell

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Sell (8)

Indicators:

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Sell (6)

FTSE 100

7,607.28

+117.01 (+1.56%)

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Sell

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Sell (8)

Hang Seng

18,949.94

+733.03 (+4.02%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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Sell (1)

US Small Cap 2000

1,830.91

+62.97 (+3.56%)

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↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Sell (0)

IBEX 35

9,317.30

+149.80 (+1.63%)

Summary

Buy

Moving Avg:

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Sell (4)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

46.790

+1.940 (+4.33%)

Summary

↑ Sell

Moving Avg:

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Sell (8)

Indicators:

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Sell (7)

Bayer AG NA

52.61

+0.71 (+1.37%)

Summary

↑ Buy

Moving Avg:

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Allianz SE VNA O.N.

210.15

+5.95 (+2.91%)

Summary

Sell

Moving Avg:

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Sell (8)

Adidas AG

159.52

+8.78 (+5.82%)

Summary

Buy

Moving Avg:

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Buy (4)

Sell (2)

Deutsche Lufthansa AG

9.303

+0.146 (+1.59%)

Summary

Buy

Moving Avg:

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Sell (0)

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Siemens AG Class N

159.28

+2.60 (+1.66%)

Summary

↑ Buy

Moving Avg:

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Deutsche Bank AG

9.862

+0.284 (+2.97%)

Summary

Sell

Moving Avg:

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 EUR/USD1.0708↑ Buy
 GBP/USD1.2450↑ Buy
 USD/JPY139.97Neutral
 AUD/USD0.6602↑ Sell
 USD/CAD1.3428↑ Sell
 EUR/JPY149.89↑ Buy
 EUR/CHF0.9733↑ Buy
 Gold1,964.30↑ Sell
 Silver23.695↑ Sell
 Copper3.7310↑ Buy
 Crude Oil WTI71.87Sell
 Brent Oil76.40↑ Buy
 Natural Gas2.177↑ Sell
 US Coffee C180.60↑ Sell
 Euro Stoxx 504,323.52↑ Buy
 S&P 5004,282.37↑ Sell
 DAX16,051.23↑ Sell
 FTSE 1007,607.28Sell
 Hang Seng18,949.94↑ Buy
 Small Cap 20001,830.91↑ Buy
 IBEX 359,317.30Buy
 BASF46.790↑ Sell
 Bayer52.61↑ Buy
 Allianz210.15Sell
 Adidas159.52Buy
 Lufthansa9.303Buy
 Siemens AG159.28↑ Buy
 Deutsche Bank AG9.862Sell
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Cập nhật 04-06-2023 00:00:51
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Sản phẩmVùng 1Vùng 2
RON 95-V22.79023.240
RON 95-III22.01022.450
E5 RON 92-II20.87021.280
DO 0.05S17.94018.290
DO 0,001S-V18.80019.170
Dầu hỏa 2-K17.77018.120
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.280,0023.650,00
EUR24.613,3825.991,59
GBP28.653,4729.875,26
JPY164,43174,07
KRW15,4818,86
Cập nhật lúc 18:50:19 03/06/2023
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