German economic confidence weakened in June, survey data from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday.
The ZEW indicator of economic sentiment dipped to 18.6 points, down 2.0 points from May, and remains below its long-term average of 23.9 points. Economists polled by The Wall Street Journal had forecast a slight increase in the expectations component to 21.5 points.
Michael Gove says Government will 'work with everyone' on Brexit
David Lidington, the leader of the Commons, also received a step up as the new Lord Chancellor and Justice Secretary. Michael Gove replaces Andrea Leadsom, who has shifted sideways to become leader of the House of Commons .
A separate gauge measuring investors' assessment of the economy's current conditions rose to 88.0 from 83.9 last month. This was the highest level since July 2011. This compared with the Reuters consensus forecast which predicted a reading of 85.0. This is not least due to the positive GDP growth in the European Union in the first quarter of 2017.
The economic confidence index for the euro area climbed 2.6 points to 37.7.
- DUP leader says talks with Britain's Conservatives 'positive'
- Qatar finance minister dismisses concerns of food shortages
- James spectacular again, but his efforts not enough for Cavs
- Mattis Calls Out China's 'Contempt' For Nations' 'Interests'
- Vers une timide remontée en début de séance — Marché
- Attorney General Sessions to testify in an open hearing before Senate committee
- Minicamp not mandatory for all Packers; vets excused once again
- Linklater's 'Last Flag Flying' to open New York Film Fest
- NBA - LeBron James: "Golden State est là pour durer"
- Tottenham Hotspur: Kane late strike rescues England at Hampden