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In April, the index of investors 'and analysts' expectations in relation to German economy fell to minus 8.2 points for the next six months from 5.1 points in March, the ZEW research institute reported. Analysts had expected a decline to only minus 1 point. The decrease in investors' confidence in the German economy has been registered for the third month in a row. The indicator, determining the attitude of investors and analysts to the current situation, fell to 87.9 points from 90.7 points a month earlier. ZEW President, Achim Wambach, noted that the index fell against the background of trade tension in the US and the worsening of the situation in Syria.. A decrease in production, exports and retail sales in the country in the first quarter he also called a reason for the decline in confidence.
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
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 ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
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 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 ...
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