Friday 26 April 2019 ,
Friday 26 April 2019 ,
Latest News
  • Intelligence agencies alert to prevent terror attack: PM
  • Zahidur a 'mass enemy': BNP
  • BNP’s Zahidur takes oath as MP
  • PM opens first-ever non-stop train service on Dhaka-Rajshahi route
  • 4 workers killed as truck ploughs into Ctg house
11 July, 2018 00:00 00 AM
Print

German investor mood slumps on trade war fears

AFP

Confidence among investors in Germany plunged sharply in July, the ZEW economic institute said yesterday, reaching its lowest level since August 2012 over signs that a trade war was far from abating, reports AFP from Frankfurt Am Main.

“Above all, fears of an escalation in the international trade war with the United States” drove the institute’s barometer based on a survey of financial players down 8.6 points to reach -24.7, ZEW president Achim Wambach said.

President Donald Trump has hit steel and aluminium imports to the US with tariffs and threatened to do the same to European cars, after the European Union retaliated with border taxes of its own on American goods.

Major German firms have also suffered from the White House’s trade war with Beijing, the second front in Trump’s battle to slash US deficits, as their cars built in America face new tariffs when entering China.

Investors’ views of the current situation in both Germany and the 19-nation eurozone worsened, suggesting recent “good news on industrial production, industrial orders and the labour market are more than cancelled out by the expected negative effects on exports” from the trade war, Wambach said.

Investors surveyed by ZEW also saw a bleaker future outlook for the 19-nation eurozone, with that index falling 6.1 points to reach -18.7.

ZEW polled 201 financial analysts and investors to compile its monthly index.

 

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 52.1%
No 44.0%
No Comment 3.9%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
010203040506
07080910111213
14151617181920
21222324252627
282930

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting