German business climate worsens in July - Ifo teletrader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from teletrader.com Daily Mail and Mail on Sunday newspapers.
| UPDATED: 19:20, Wed, Feb 10, 2021
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Germany is embroiled in a third COVID-19 lockdown with Chancellor Angela Merkel extending measures into March. Analysis by the Munich-based Institute for Economic Research (Ifo), predicts the German economy is losing £1.3billion (€1.5billion) per week due to business being closed. Union leaders have warned thousands of firms risk going bankrupt unless measures are eased, and have called for a clear roadmap out of lockdown.
1/26/2021 3:15:23 AM GMT
Market highlights
US shares trade in a volatile fashion but major indices still finish in the green
In the context of lockdowns and vaccines, crude price resilience is awe-inspiring
Resurfacing US-China tensions throw another curve at a frustrating currency market
Gold concedes ground to stronger dollar, but remains bid
Markets
US shares traded in a volatile fashion, yet major indices all still finished in the green. Impassioned by President Biden’s Buy American initiative, and in anticipation of Janet Yellen s confirmation as Treasury Secretary, stock market investors were revelling and relentlessly pumping cash into US shares which helped propel both the S&P 500 and Nasdaq to record highs. But the upbeat close certainly belied a day of equity market turmoil under the hood.