A report by ZEW noted a sharp decline in economic confidence in Germany in June. The index of investor confidence in the German economy fell to minus 21.1 points from the May value to minus 2.1 points. The June value was the lowest since November 2018. According to economists, it was expected to drop to minus 5.6 points. The assessment of the current situation in June dropped to 7.8 points from 8.2 points a month earlier. Experts predicted an even greater decline - to 6.1 points. The main reason for the fall of the index is the increased uncertainty regarding the prospects for the global economy against the background of weak economic indicators in Germany at the beginning of the second quarter. The index of economic sentiment in the euro area fell in June to 18.6 points from 20.2 points a month earlier.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...