In September, the index of investor and analyst confidence in the German economy for the next six months amounted to minus 10.6 points, rising from minus 13.7 points in the previous month, a poll of the Center for European Economic Research ZEW showed. The figure has surpassed the forecasted rise to minus 13 points. The growth of the indicator in the country is observed for 2 consecutive months. The index of the attitude to the current conditions in the German economy also exceeded forecasts, having increased to 76 points from 72.6 points a month earlier, while analysts had expected its decrease to 72 points. ZEW President Achim Wamba believes that a new trade agreement concluded between the US and Mexico could have the upward impact on the index.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...