EU trade truce with Trump lifts German business morale
Updated : August 27, 2018 03:39 PM IST
The Ifo economic institute said on Monday its closely-watched business climate index jumped to 103.8, beating July's reading of 101.7 and a Reuters consensus forecast of 101.9.
US President Donald Trump agreed during a meeting with European Commission President Jean-Claude Juncker last month to refrain from imposing tariffs on European cars while the two sides negotiate to cut other tariffs.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more