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(21:47:55) German factory orders drop after Volkswagen rating cut Germany’s factory orders fell in October more than expected, signaling impact on German economy from Volkswagen emissions scandal. Such data may cause higher inflation in the Eurozone. Volkswagen crisis led to a drop in its profits, which prompted Moody’s Ratings to downgrade the company’s rating. Orders, adjusted for seasonal swings and inflation, fell 1.7% from August, when they dropped 1.8%, data from the Economy Ministry in Berlin showed on Thursday. That’s the third consecutive decrease and compares with a median estimate of a 1% gain in a Bloomberg survey. Orders declined 1% from a year earlier. Date : 05/11/2015 - 28:47 Source :mubasher Type : Market : بورصتي القاهرة والاسكندرية

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