Investors' confidence in the euro area unexpectedly fell in August to -3.7 points, influenced by the US-EU trade agreement.
Raluca Ioana Draghici
Economy
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A recent survey shows that investor confidence in the euro area fell to -3.7 points in August from 4.5 points in the previous month, indicating a negative impact from the US-EU trade agreement. 15% tariffs on most EU goods exported to the US have hurt investor sentiment. In Germany, the confidence index fell significantly and the German government will have to reassess its economic strategy.
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