Eurozone: GDP Increase Of 0.4% For The 1st Quarter

Deutsche Telekom (XETRA:DTEGn) had a fall in its’ net profit for the first quarter of 2015, due to the extraordinary huge profit that the company had recorded a year earlier thanks to the sale of its’ stake to Scout24.

The German telecommunications giant announced net profit of 787 million euro, which were down by 56.7% compared with the 1.8 billion euro of last year. The results exceeded, however, the forecasts of the analysts.

Revenues rose by 4.7% to 16.8 billion euro, thanks to the increased customer base in Germany and USA.

Net profit of Deutsche Telekom was tripled last year after the sale of its stake to the online advertising company Scout24.

Inflation In Germany Increased
The annual inflation rate rose in Germany for April which that indicates that the European Central Bank (ECB) bond purchase program may have begun to yield the expected results.

According to the Federal Statistical Office, the consumer prices which are based on common European standards, fell by 0.1% on a monthly basis but increased by 0.3% on a yearly basis in April. The data were unchanged from the preliminary estimation.

The data which are based on national standards were revised upwards. According to Destatis, consumer prices remained unchanged on a monthly basis and rose by 0.5% against a drop of 0.1% and an increase of 0.4% that the statistical office said in a preliminary assessment.

Eurozone: A GDP Increase Of 0.4% For The First Quarter
The Gross Domestic Product (GDP) of the Eurozone increased by 0.4% for the first quarter of 2015, according to the preliminary data of Eurostat, which agree with analysts' forecasts.

In the fourth quarter of 2014, the Eurozone GDP rose by 0.3%.

Slowing Growth In Germany – Accelerating Growth In France

France showed an accelerating economic growth for the first quarter, while in Germany the growth slowed, as evidenced by the data that were provided today by the statistical offices of the two countries.

In particular, in Germany the GDP rose by 0.3% compared to the previous quarter with the annualized rate of growth standing at 1.1%.

This slowdown in growth compared with the fourth quarter of 2014 happened when the GDP had grown by 0.7%. Analysts were expecting a GDP growth of 0.5%.

By contrast, in France, there was a faster growth and even greater than expected. GDP in the second largest Eurozone economy rose by 0.6% quarter on quarter, compared with the zero change in the fourth quarter of 2014.

This is the highest growth rate recorded since the second quarter of 2013.

Fortress Paper Share Rises Due To…Double Greek Currency

Fortress Paper Ltd's (TO:FTP) share (banknote printing company) saw a huge rise lately amid speculation that it may sign a contract for printing ... Geuro, the "dual currency" that based on scenarios will be released as a result of Greece’s exit from the Eurozone.

The shares of Fortress Paper on the Toronto Stock Exchange have risen by 65% in the last month on the occasion of a publication from the popular website ZeroHedge which cites Bloomberg.