Germany's business sentiment weakened in November as the fourth wave of pandemic caused expectations to fall especially in the service sector, survey results from the ifo Institute showed on Wednesday. The business confidence index fell to 96.5 in November from 97.7 in October. The reading was forecast to drop to 96.6. Companies were less satisfied with their current business situation, and expect...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.