German consumer confidence touches 6-year high

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Source: RTT News
© Scanpix/FP
Consumer sentiment in the Europe's largest economy reached its strongest level in a six-year period at the end of September amid favourable outlook of the economy in general, a survey published by the research group GFK revealed on Wednesday. According to the survey, consumer confidence recorded 7.1 points in October, more than a level of 7 in September.

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Wed, 25 Sep 2013 11:22:03 GMT

South Africa's leading index rises in July

Business activity leading index for South Africa advanced on a monthly basis in the month of July as six out of eleven indicators rose, the South Africa Reserve Bank reported on Wednesday. Month-on-month, the composite leading business cycle indicator gained 0.2% in July, while on an yearly basis the indicator jumped 1.5% in the same month after it added 1.8%

Wed, 25 Sep 2013 11:00:03 GMT

U.S. shares drop on economic growth worries

U.S. shares declined for a fourth straight day on worries over U.S. budget talks and economic growth as investors speculated that the Middle East tensions started to ease. The Standard & Poor's 500 Index retreated 0.3% to 1,697.42 as of 4 p.m. New York time, while the Dow Jones Average slipped 0.4% to 15,344.59.

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