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European Stocks Slip on Dour German Sentiment Survey Ahead of Powell Speech
Date: August 26, 2022
By Anisha Sircar (Reuters) -European shares slipped on Friday as investors fretted over downbeat German consumer sentiment data due to rising energy costs and the path for U.S. interest rate hikes ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. The pan-European STOXX 600 dipped 0.1% in choppy trade, after rising at the...
Sentiment Among German Exporters Falls for Third Month in a Row -Ifo
Date: August 26, 2022
BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak global economic environment weigh on the outlook, said a survey on Friday. The Ifo institute’s index of exporter expectations fell to -2.7 in August from -0.4 points in July. While a...
French Wheat Protein Slips Further in Latest Harvest Results
Date: August 25, 2022
PARIS (Reuters) – Nearly complete quality results from France’s soft wheat harvest showed slightly weaker protein levels than in initial samples, underscoring a decline compared with last year, according to data from farm office FranceAgriMer on Thursday. For protein, 27% of soft wheat analysed so far came below 11% content, often a minimum standard for...
SMEs Falling Through the Financing Cracks: How FinTech Can Be the Hero
Date: August 25, 2022
By Michael Pierce, Commercial Director, Banking at FintechOS For any financial institutions that loan money to small- and medium-sized enterprises (SMEs), the message is loud and clear. SMEs can’t get sufficient funds quickly enough to stay in business, so lenders are losing customers. This is not only bad news for lenders, it’s bad news for...
Ukraine War, Energy Crisis Send German Business Sentiment to Lowest Level Since June 2020
Date: August 25, 2022
By Miranda Murray BERLIN (Reuters) -German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war, the resulting energy crisis and fears of an economic downturn in the third quarter, a survey said on Thursday. The Ifo institute’s closely watched business climate index fell for...
German Exporters Pinched by 70-billion-euro Price Squeeze – Dihk
Date: August 25, 2022
By Rene Wagner BERLIN (Reuters) – German exporters are in an “extreme price squeeze” and incurred extra costs of 70 billion euros ($69 billion) this year due to soaring producer and import prices, the Association of German Chambers of Industry and Commerce (DIHK) said on Wednesday. According to surveys and calculations made by the Association,...