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German Unemployment Increases Less Than Expected

Despite the coronavirus pandemic weighing on the German economic activity, unemployment increased less than expected in June, helped by the short-time work program. Data from the Federal Employment Agency revealed that the number of unemployed persons rose by 69,000 in Read More →

U.S. Consumer Confidence Jumps More Than Expected In June

Reflecting the re-opening of the economy and the recent drop in unemployment claims, the Conference Board released a report on Tuesday showing a bigger than expected improvement in U.S. consumer confidence in the month of June. The Conference Board said Read More →

Japan Industrial Production Plunges 25.9% On Year In May

Industrial output in Japan plummeted 25.9 percent on year in May, the Ministry of Economy, Trade and Industry said on Tuesday.Original Article Read More →

UK Private Sector Downturn Slows As Manufacturing Returns To Growth

Largely driven by the manufacturing sector, the downturn in the UK private sector slowed in June after the record weakness seen during the height of the coronavirus lockdown, flash survey data from IHS Markit showed Tuesday. The IHS Markit/Chartered Institute Read More →

Eurozone Private Sector Downturn Slows Markedly

The euro area private sector contracted at a much slower pace in June as lockdowns related to coronavirus pandemic were further relaxed, provisional survey results published by IHS Markit showed Tuesday. The flash composite output index advanced more-than-expected to 47.5 Read More →

Swiss Market Ends On Firm Note

The Switzerland stock market ended on a firm note on Tuesday, tracking the positive trend seen across the globe amid optimism about economic recovery despite a surge in new coronavirus cases in several countries.Original Article Read More →