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In September, the consolidated index of business and consumer confidence in the economy of the euro area amounted to 110.9 points, having decreased from 111.6 points in the previous month, the European Commission reported. The value of the indicator has become minimal since June 2017. Analysts had predicted a decrease to 111.2 points. The decrease of the indicator has been observed for nine months in a row. Recently, uncertainty about the outlook for the world economy has intensified due to the intensification of trade disputes. In the industrial sphere, confidence worsened to 4.7 points from 5.6 points in August. In the service sector, the confidence index rose to 14.6 points from 14.4 points. The indicator showing the level of consumer confidence in September was minus 2.9 points, retaining the value of August.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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 ...
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 ...
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