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The European Commission published data on the dynamics of the composite business and consumer confidence index in the euro area in May. The Institution recorded its growth for the first time since June 2018. Index value in May was at the level of 105.1 points against 103.9 points in April, while analysts had expected a value of 104 points. Among industrial companies, the index rose to minus 2.9 points from minus 4.3 points in the previous month. European service providers recorded a jump in the indicator to 12.2 points from 11.8 points. Consumer confidence also rose. The corresponding indicator was minus 6.5 points, having increased from minus 7.3 points in April. At the same time, the business climate index showed a decline - from 0.42 points to 0.3 points.
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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 ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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