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In October, the composite consumer and business confidence index in the eurozone was 109.8 points, down from 110.9 points in August, the European Commission reported. The decline in the index has been observed in the eurozone for 10 months in a row. In October, the figure was the lowest in 17 months. Experts had predicted the value of the index at 110 points. In their opinion, such a long fall in the index is caused by increased uncertainty about the further development of the global economy. The confidence of industrial companies in the eurozone economy fell to 3 points from 4.7 points. In the service sector, the indicator was 13.6 points, down from 14.7 points. In October, the fall in the business climate indicator to a minimum of almost a year and a half in 1.01 points from 1.21 points in September was recorded. Consumer confidence rose to minus 2.7 points from minus 2.9 points.
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 ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
Thailand’s economy hit its sharpest downturn in eight years in the first quarter. Though it contracted by less than speculated, struggling months impend as the coronavirus crisis ravages tourism and domestic activity. Southeast Asia’s ...
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