Germany’s Toncar: I don't see an immediate risk to financial stability

Market news

20 April 2023

Germany’s Toncar: I don't see an immediate risk to financial stability

German Deputy Finance Minister Florian Toncar is crossing the wires, via Reuters, offering some comforting remarks on the country’s financial market conditions.

Key quotes

I don't see an immediate risk to financial stability.

We need banks that are competitive, stable and profitable.

We need more cautious fiscal policy to support ECB moves.

Market reaction

As of writing, EUR/USD is keeping the higher ground intact at around 1.0975, up 0.18% on the day.

Currencies. Daily history for Thursday, April 20, 2023

Commodities. Daily history for Wednesday, April 19, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.