German consumer sentiment set to decline on Greek worries

Source: Marketwatch
The July GfK forward-looking consumer sentiment index is to decline 0.1 points to 10.1 points from the 10.2 point expectation from surveyed economists, as the Greek debt crisis weighs on the German economy. GfK stated that currently Greece's default on its debt and exit from the Eurozone seems a genuine scenario, as talks continue between Greece and its debtors and the deadline to reach an agreement is fast approaching.
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Thu, 25 Jun 2015 08:36:40 GMT

European shares decline on returning Greece's worries

Europe's equity markets slipped into negative territory on Thursday, as Eurozone's finance ministers came up with no agreement during a key meeting on Greece's reform policies. The Stoxx Europe 600 Index fell 0.2% to 396.49 points, the Athex Composite Index declined 1.36% to 770.28 points, while the FTSE 100 Index slipped 0.3% to 6,825.31 points. However, the DAX 30 Index

Thu, 25 Jun 2015 08:31:04 GMT

South Korea cuts 2015 GDP growth outlook

South Korea's government announced that it cut its 2015 GDP growth forecast by 0.7% to 3.1%, while the inflation is expected to average 0.7% from the 2% previously projected. Consumer sentiment index declined to 99 in June from 105 in May, as MERS virus outbreak has severely depleted consumer confidence. In addition, the South Korean government disclosed a $14 billion

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