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In July, euro zone economic sentiment went up moderately for a third consecutive month, reaching a fresh 10-year peak, versus hopes for a sag from June, as data issued by the European Commission on Friday revealed.
This month the sentiment indicator in the EU ascended to 111.2 from June’s reading of 111.1 and May’s outcome of 109.2, powered by more optimism in the services sector.
The average forecast in a Reuters survey of up to 29 economists was for a sag to 110.8 following a leap in June to its maximum in almost a decade.
The given figure confirmed the sturdy revival of the euro zone, with output anticipated to ascend by another half percentage point during the second quarter after firm expansion in the January-March period.
Notwithstanding the unexpected soar in the sentiment, in July, the Commission's business confidence index, pointing to the phase of the economic cycle, edged down to 1.05 from June’s upwardly revised reading of 1.16, the highest result since April 2011.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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