Euro's silver lining shines on German exporters

He argues that the weak euro has contributed to the success of German car manufacturers VW and BMW which have both reported strong earnings numbers during the month with their share prices rising 9.7% and 7.5% respectively. “This strong demand in auto sales also saw component company GKN rise 11.3% over the month. In the year to date reporting at the micro, or company level, has been overshadowed by the events in Japan, the Middle East and the subsequent impacts on commodity and energy prices. We feel that we are returning to a period where stock picking will be rewarded.” www.merrion...