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ZEW Research Institute published data on the level of investor confidence in the German economy in March. The corresponding index calculated by the institute was minus 3.6 points, having increased from February level to minus 13.4 points. The value of the index in March exceeded the forecast of economists in minus 11 points. At the same time, the decline of the indicator on the current situation in the country's economy to 11.1 points from 15 points was worse than the forecasts of experts, who had expected the indicator at the level of 13 points. The probable postponement of Brexit and the progress achieved in trade negotiations between the United States and China had a positive impact on the mood of investors and analysts in March. ZEW experts also reported an increase in business confidence in the eurozone economy in March to minus 2.5 points from minus 16.6 points a month earlier.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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, 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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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