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Bus drivers prepare for strike in Hesse, French President Emmanuel Macron raises alarm over the rise of the far-right in Europe during Dresden visit and more news from around Germany on Tuesday. ....
EUR/USD rose to 1.0867 as traders adjusted rate cut bets. ECB likely to cut rates next week, but future cuts uncertain. EUR/USD stable around 1.0855. ....
(Bloomberg) Germany’s business outlook rose for a fourth month as confidence builds that the country’s economic rebound will strengthen over the rest of the year. Most Read from BloombergSevere Turbulence Leaves 12 Injured on Qatar Airways FlightMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAIXi’s China EV Dream Came True. 10 Years On, Walls Are Going UpFed’s Favorite Underlying Inflation Gauge Is Seen CoolingChina’s Housing Rescue Has a Poor Track Record in Pilot CitiesAn expectations ....
BERLIN (Reuters) -German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany's economy this year will be slow progress. The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts in a Reuters poll. "The Ifo index, Germany’s most prominent leading indicator, just illustrated that the cyclical bottoming out will not automatically be followed by a strong recovery," said Carsten Brzeski, global head of macro at ING. ....
Frankfurt, Germany: German business sentiment stagnated in May after several months of improvement, a survey showed Monday, denting hopes that Europe. ....