The business confidence index in Germany in October of this year was 102.8 points, dropping from 103.7 points in September, data from ifo showed. Experts had predicted a less significant decrease – up to 103.2 points. The indicator, which determines the attitude of entrepreneurs to the current situation, dropped to 105.9 points from 106.4 points and also turned out to be worse than analysts' forecasts, who had expected it at 106 points. The expectations of the leaders of German firms also deteriorated – their October figure fell by 1.2 points to 99.8 points. Experts had expected the indicator to be at 100.4 points.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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 ...
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 ...