AGP Executive Report
Last update: 9 hours agoGrowth: Eurozone GDP rose 0.4% in the third quarter, slowing from 0.6% in the second. Germany grew 0.2%, while France contracted and Italy stagnated. Prices and ECB: German inflation eased in October, helped by fuel-tax cuts. Christine Lagarde’s planned early departure is raising questions about ECB independence and policy continuity. Banking: Deutsche Bank posted record third-quarter profit and stronger wealth inflows, although DWS profit fell short. Household finances: German households hold €2.4 trillion in cash and deposits.
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