EUR/USD
1.16616
-0.014%
Gold
4632.06
-0.421%
Oil
83.446
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USD/JPY
159.404
0.195%
GBP/USD
1.36328
0.018%
GBP/JPY
217.317
0.222%
Real-time News
The Ukrainian military stated that it attacked the Afipsky oil refinery in Russias Krasnodar Krai.German Chancellor Merz: Germany has enormous potential to restore its competitiveness.August 25th - German business confidence improved significantly in August, with the business climate index rising to 88.8, well above the market expectation of 87.2. The report shows a broad improvement in both current conditions and future expectations, indicating that the German economy is strengthening its recovery momentum after several months of gradual stabilization. The current conditions index rose to 88.5, higher than the market expectation of 87.0. The expectations index surged to 89.1, significantly higher than the market expectation of 87.5, indicating that businesses are more optimistic about the economic outlook for the next six months. This stronger data comes as the German economy has recently shown signs of increased resilience, including improved manufacturing activity and a rebound in business expectations. Recent survey data shows that the industrial sector has regained growth momentum, helping to offset the continued weakness in parts of the service sector, a point also reflected in the preliminary PMI reading.On August 25, the Electoral Affairs Commission (EAC) of the Hong Kong Special Administrative Region announced its provisional proposals regarding the boundaries and names of the geographical constituencies for the 2027 District Council general elections and launched a public consultation, which will last until September 24. The 2027 District Council general elections will be held at the end of next year. The Electoral Affairs Commission Ordinance stipulates that the EAC must review the boundaries and names of the geographical constituencies for the District Councils, formulate provisional proposals, conduct public consultations, and submit a report containing the relevant proposals to the Chief Executive.Germanys August IFO Business Expectations Index was 89.1, below the expected 87.4 and the previous reading of 86.7.
