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The European Commission published data on the level of business and consumer confidence in the eurozone economy in March. The data indicated that the corresponding composite index in the region dropped to the lowest since October 2016 - to 105.5 points from the February figure of 106.2 points. Forecast of the experts assumed the index at 105.9 points. The fall of the index in the service sector to 11.3 points from 12.1 points in February also did not coincide with forecast of the economists who had expected its drop to 12 points. The index value in the industrial sector of the eurozone (minus 1.7 points) was the lowest since August 2016. In February, it was at minus 0.4 points. At the same time, consumer confidence improved in March. The corresponding indicator was minus 7.2 points, having risen from minus 7.4 points a month earlier.
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'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 ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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 ...
KYC Policy