Economy · July 2026

Germany on July 23, 2026, saw SAP lower its profit outlook despite strong growth, while Deutsche Bank expects policy support and a services boom to lift China's economy. German Defense Minister Pistorius said Germany leads Europe in drone technology, and BASF paused the sale of thousands of company apartments. Berlin told landlords to lower excessive rents, and Thales signed a deal to provide new generation optronic vision systems to Germany. Brent North Sea oil price hit $100 on Mideast attacks. ECB held steady, with a rate hike expected in September. SPD General Secretary called for more debt. German bond yields hit a 15-year high as oil spiked before ECB.