German Ifo Index Drops, U.S. Stocks Lower, Commodities Steady

PREVIOUS TRADING DAY EVENTS 26 June 2023 The Survey of about 9,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months, the Germanys Ifo index, dropped for the second consecutive month, at 88.5 from 91.7 in May.  Europes largest economy fights against recession. The […]
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Oil Rises on Supply Worries, U.S. Summer Demand Hopes

Oil prices rise early in second session Political instability in Russia adds to supply concerns Hopeful expectations for summer driving season demand remain June 27 Reuters Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions, as well as U.S. demand hopes ahead of the summer driving […]
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Drop in German Business Morale Points to Longer Recession

Business climate index fell to 88.5 in June from 91.5 in May Both business expectations and current business conditions fell Probability of longer recession rises BERLIN, June 26 Reuters German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe39;s largest economy faces an uphill battle to […]
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