German business climate drops in May

Source: Bloomberg
Economic and business confidence level in Germany decreased in May of the current year, as investors doubt that country's economic growth may slow during the second quarter. The benchmark index, calculated by the Ifo institute, reached 110.4 points versus 111.2 points in April. The indicator evaluates business expectations of 7,000 largest German companies.
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Fri, 23 May 2014 09:39:03 GMT

European shares decline amid German business confidence

European stock market decreased during the last trading day of the current week, as negative German business confidence data made market fall. Asian shares, in turn, jumped on Friday. The benchmark European equity index Europe Stoxx 600 loses 0.1% to 340.79 points by 8:00 GMT in London. At the same time, analysts expect the overall weekly gain of the mentioned

Fri, 23 May 2014 09:06:06 GMT

German GDP rises in line with estimations

Economic growth in the largest economy of the Eurozone has been in line with preliminary estimations in the first quarter of this year and reached 0.8% on a quarterly basis. Year-on-year, German economy surged 2.3%. Among growth contributors, private consumption in the country advanced 1.9% during January-March, while construction sector increased 3.6%.

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