LSEG's latest forecasts show slight improvement for European businesses despite ongoing global trade uncertainty. The data suggests EU companies may see just a 0.3% profit drop in the second quarter. Earlier, analysts expected a 0.7% decline.
European stock indices, including Germany's DAX, closed lower on Tuesday amid fears of escalating trade tensions between the US and EU. Investors continue monitoring negotiations between Washington and Brussels.
Since the beginning of 2025, the euro has appreciated against the dollar by almost 13%. At the same time, the Bloomberg Dollar Index has fallen by 9% from the peak reached in January. Now, it is at its lowest level in more than three years.
According to the ZEW economic research institute, German investor sentiment rose to 52.7 points in July from 47.5 points in June. This exceeded the forecast of analysts polled by Reuters, who had expected a rise to 50.3.
Germany's benchmark DAX index closed lower on Monday, mirroring a broader decline across European markets. The drop followed the US administration's announcement of 30% tariffs on imports from eurozone countries, with the automotive sector being particularly affected.
The NZD publication has been released
GDP (QoQ)
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