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In July, consumer confidence in Germany is expected to deteriorate, according to a survey by research firm GfK. The consumer sentiment index was 9.8 points, down from the June value of 10.1 points. In June, there was a stabilization of economic expectations - their decline stopped. German consumers have increased their propensity to buy, although their expected revenues have shown a marked reduction. The indicator characterizing economic expectations rose only by 0.7 percentage points, reaching 2.4 points. This is due to the continuing uncertainty around Brexit, the ongoing trade wars and the slowing growth of the global economy. The indicator, which predicts the income of the population of Germany, fell to its lowest level since March 2017, reaching 45.5 points against 57.7 points a month earlier. German citizens fear increased job cuts in the country.
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 ...
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 ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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