SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.44+0.6%Dec 12 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: elmatador11/15/2005 12:14:22 PM
   of 218479
 
Euro and Yen down: Buying Into Japanese And German Exporters
Carlton Delfeld, Chartwell Advisor, 11.15.05, 10:00 AM ET

forbes.com

COLORADO SPRINGS, COLO. - With the euro down nearly 15% this year and at a two-year low against the U.S. dollar, the world’s largest exporting nation is worth a good look. So is another country that has thriving exports in spite of a stronger currency. We’re talking about Japan and Germany, respectively, the world’s second- and third-largest economies.

The top lines at leading German industrial companies are rolling in with impressive numbers for an almost zero-growth economy. Quarterly sales at Siemens (nyse: SI - news - people ) rose 13%, the fastest since 2003. BMW’s sales rose by 11% in the third quarter, although high raw-material costs and pricing pressure resulted in weak net profits. A bright spot is Asia, where BMW expects to sell 150,000 cars per year by 2008.

The India Fund is up 45% from a year ago. Click here for Carlton Delfeld's India play that's outperformed the India Fund by 33%.
Overall, German exports are up for the third-straight month and sales to countries outside of the European Union rose 18% annually from a year earlier. Clearly, the Germans are good at making stuff and selling it to the world, and the weaker euro is helping spur growth. Germany’s DAX stock index is taking notice and is up nearly 20% year-to-date.

German Economy Expanded in Third Quarter on Exports

bloomberg.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext