German investor confidence has plunged in July to its lowest level in more than 16 years.
The Frankfurt-based ZEW research institute's monthly index, which measures investors' expectations for the German economy over the next six months, has dropped to minus 63.9 this month from minus 52.4 in June. The news comes amid soaring food and oil prices in Europe's biggest economy. Meanwhile, the euro has leapt to a record high of just over 1.60 dollars as investor fears continue to grow over Global stocks battered by renewed credit fears, oil surge ...
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(Deutsche Welle)
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