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The consolidated index of business and consumer confidence in the euro area economy fell in June to 112.3 points from 112.5 points in the previous month, noting the minimum value for 10 months, according to the data of the European Commission. The fall of the index has been observed for 6 months in a row. Analysts had predicted its even deeper fall in June - up to 112 points. The indicator of consumer confidence fell to minus 0.5 points, which is the minimum value for 8 months. The consumer's fears about the prospects for the economy in the context of trade disputes, as well as the rise in oil prices, had a negative impact on the index. The business climate has deteriorated to 1.39 points from 1.44 points. The confidence index in the service sector remained at the level of 14.4 points.
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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