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The confidence index of German entrepreneurs to the economy of the country in July fell to 101.7 points from 101.8 points in June, data of the research institute ifo showed. Analysts had expected even greater decline - to 101.5 points. The ratio to the current situation improved to 105.3 points from 105.1 points a month earlier. The indicator, which determines the expectations of German business leaders for the near future, decreased by 0.4 points to 98.2 points. The decline in the confidence index in the manufacturing industry was observed for the sixth consecutive month. The decrease in trust was also noted in the sphere of trade. At the same time, in the services sector, the figure rose, and in construction it reached a record level.
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 ...
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 ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
Gold prices were down slightly on Wednesday in Asia, losing gains made in a previous session. However, the safe haven asset’s losses remained limited as COVID-19 worries mounted on top of worsening U.S.-China relations. Gold futures ...
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