German, French Consumers Resist Crisis Pressure: Economy


27/05/2012 06:15 AST  Bloomberg

German consumer confidence will hold steady in June, indicating some resistance among households to the region’s debt crisis that may help sustain growth after a first-quarter surge.

GfK SE (GFK)’s consumer-sentiment index will hold at 5.7 next month, the Nuremberg-based market research company said today. Economists predicted the indicator would stay at May’s initial reading of 5.6, the median of 26 estimates in a Bloomberg News survey shows. A separate report showed consumer confidence in France increased in May to the highest since November 2010.

Germany’s economy grew 0.5 percent in the first quarter, helping the euro-area avoid a recession, and falling unemployment may help support consumer spending through the year. Still, business confidence dropped in May as the euro-area fiscal crisis worsened and inconclusive elections in Greece fueled concerns about a breakup of the currency bloc.

For more on this Click Here
Global News
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | News Archive

JAN | FEB | MAR | APR | MAY
Most Viewed News
Most Viewed Companies
Ticker Price Volume
RIBL 23.45 150,178
SAGRINSURANCE 25.4 685,325
UCA 35.6 329,155
WATANIYA 99 550,140
BURUJ 46.4 1,178,606
ALKHODARI 33.5 507,007
GUCIC 25.5 844,223
Recent News

UAE currency houses will be subject to new Central Bank rules
New legislation designed to tighten the regulation of money exchange houses is planned by the Central Bank following the closure of two such companies for breaking industry rules.

The Cen

Standard and Poor''s Reaffirms Nakilat Rating with Stable Outlook
Qatar Gas Transport Company Ltd. (Nakilat) announced that the rating agency Standard and Poor’s has reaffirmed Nakilat Inc’s “AA-” rating with a stable outlook.

Private Placement Transaction with IFC
We refer to our earlier disclosure on the above subject dated February 20, 2013 and would like to inform the market that the private placement of shares with IFC and IFC Capitalization Fund is comple

MOU with Taageer Finance Company SAOG
Ahli Bank S.A.O.G. had signed a Memorandum of Understanding (MOU) with Taageer Finance Company S.A.O.G. on the 17th February 2013 to explore the possibility of acquiring the company subject to satisf

Weekly Market Report
The Qatar Exchange (QE) Index gained 69.02 points, or 0.78%, during the week, to close at 8,916.90 points. Market capitalisation rose by 0.84% to reach QR498.1 billion (bn) as compared to QR493.9bn a

Research Reports
Daily Market Review - Saudi Stock Exchange Burgan Bank -Equity Report -16-05-2013 GCC Stock Markets - Daily Daily Market Review - Dubai Financial Market Daily Market Review - Abu Dhabi Securities Exchange more..
GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Are you satisfied with your full-service broker?