(Bloomberg) -- Investor confidence in Germany’s economy plunged to its lowest level in almost a year after further signs of a deepening malaise in the key...
-- Investor confidence in Germany’s economy plunged to its lowest level in almost a year after further signs of a deepening malaise in the key manufacturing sector .An expectations gauge compiled by the ZEW institute fell to 3.6 in September from 19.2 in August, a release Tuesday showed. Economists had expected a small drop to 17 and none foresaw such a slump. An index of current conditions also fell, to -84.5.
The outlook for Europe’s biggest economy has darkened after output surprisingly shrank in the second quarter amid a weak industrial performance. Consumers also remain hesitant to open their wallets — even as incomes have been rising faster than prices.Volkswagen AG, its top automaker, announced it would end a decades-old labor pact and consider closing domestic factories, citing waning demand. Rival BMW had to cut earnings guidance due to a recall of 1.
Even so, “most respondents appear to have already factored the ECB’s interest-rate decision into their expectations,” Wambach said.Israel's Business Forum on Tuesday urged Prime Minister Benjamin Netanyahu to not fire his defence minister, saying it would create more division and weaken the country after reports of an imminent political shake-up rattled the country.
BARCELONA, Spain, September 17, 2024--Ferrer, a B Corp-certified international pharmaceutical company, has announced the dosing of the first participant in the Phase II clinical trial, PROSPER. The study seeks to evaluate the safety and efficacy of the molecule FNP-223,1 a novel therapy intended to slow the progression of Progressive Supranuclear Palsy .1,2The head of the UN health agency says the world's attention to Sudan is "really low" and race is a factor.
Investor Confidence ZEW President Achim Wambach ZEW Manufacturing Sector Economic Situation
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