German business confidence stable despite high oil prices, strong euro
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German business confidence braved surging oil prices and the strong euro to remain stable in October, a widely watched barometer of industrial confidence in the eurozone's biggest economy showed.
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German business confidence fell to its lowest in over a year in November as the euro&#39;s surge to new highs and strong oil prices clouded the outlook for exports.
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European equities clung to three-week  highs on Friday as oil steadied around the $43 a barrel mark.
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Business confidence in Germany slipped for the sixth month in October, as companies in the eurozone's biggest economy took a dimmer view of the six-month outlook, a survey showed Thursday.
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter even as the euro soars.
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Surging oil prices and the runaway strength of the euro, currently at an all-time high around 1.32 dollars, are undermining industrial confidence in Germany, a key survey showed.
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An index of German business confidence dipped in August, reflecting worries about the strength of the country&#39;s economic recovery, a survey of German executives showed Thursday.
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FRANKFURT : Business leaders in Germany appeared wary about the outlook for the eurozone&#39;s biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.
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German investor confidence rises in December after touching a 13-year low in November.
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A key index of German business confidence dropped in November amid worries over the impact of strong euro and high oil prices on Europe&#39;s largest economy, it was reported Thursday.
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The euro edged higher in European morning trade on Friday as Germanyâs influential IFO survey beat expectations. The index of business sentiment rose to 96.2 in December, the highest
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German economic growth picks up but analysts doubt the recovery is sustainable.
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Investor confidence in Germany, Europe s biggest economy, dropped for the first month in three in August amid concern about record oil prices and slowing growth in the U.S. and Japan.
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There was a healthy trade surplus for companies that use the euro, despite worries over the currency's strength.
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Consumer confidence in Germany, Europe's largest economy, rose for the first month in three after growth accelerated in the second quarter, a survey this month by the market research company GfK AG shows.
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Strong economic news from Germany helped drive the euro to a 5&frac12;-month high against the dollar as the greenback continued to lose ground on Thursday.
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The dollar rose against its main rivals, as the euro took a knock from a poll showing surging oil prices were weighing on business sentiment in Germany, analysts said.