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April 24 (Bloomberg) -- German business confidence dropped for the first time in four months in April as record oil prices and a surging euro dimmed the outlook for growth in Europe's largest economy.
The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, fell to 102.4 from 104.8 in March. Economists predicted a decline to 104.3, according to the median of 43 forecasts in a Bloomberg News survey.
The German economy may lose momentum as the euro's 9 percent ascent against the dollar this year curbs export growth and oil prices close to $120 a barrel sap the spending power of companies and consumers. With the U.S. housing recession also pushing up the cost of credit worldwide, the International Monetary Fund on April 9 cut its German growth forecast for this year.
April 24 (Bloomberg) -- Credit Suisse Group, Switzerland's second-biggest bank, reported a first-quarter loss that exceeded estimates on writedowns linked to deteriorating credit markets.
The net loss, the bank's first in almost five years, totaled 2.15 billion Swiss francs ($2.1 billion), compared with a 2.73 billion-franc profit a year earlier, Zurich-based Credit Suisse said in a statement today. The median estimate of 14 analysts surveyed by Bloomberg was for a 594 million-franc loss.
Не съм сигурен, но имам съм останал с впечатлението, че Трише нарочно прави изказвания които да настройват пазара срещу еврото. Поне от както следя изказванията му е така. Няко друг би ли изказал впечатленията си.
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