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Germany consumer sentiment remains weak ahead of November as inflation fears cloud recovery outlook

Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownThe latest GfK survey shows that German consumer sentiment is set to slip marginally heading into November, amid growing inflation fears and more subdued income prospects. Looking at the details, consumers' economic expectations improved for a sixth straight month in rising to 2.1 from -3.4 previously. This…

ForexForexLive

Germany November GfK consumer sentiment -30.8 vs -30.9 expected

Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownDetails to follow... What does the data measure?The GfK consumer climate index measures German households' confidence in their financial prospects and willingness to spend. It draws on consumer surveys covering income expectations, purchasing intentions and saving behaviour. Why does it matter to…

CommodityOilPrice.com

Sanctioned Oil Tankers Find a Lucrative New Trade in the Persian Gulf

Tankers previously used to ship crude oil from sanctioned countries are now moving crude out of the Middle East, after being removed from sanction lists. Two very large crude carriers that used to transport Venezuelan crude before are now being used to export oil from the Persian Gulf, and two more are en route to the Gulf of Oman, setting off from South America, Bloomberg reported today.…

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