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Consumer confidence in Germany strengthens market position


Apríl, 29 2025
watermark Economic news

The German stock market showed growth on Tuesday on the back of data on the consumer confidence index from GfK, while the indices of France and the UK show slight fluctuations.


The German DAX rose to 22,414.76 points, the British FTSE 100 reached 8,420.4 points, and the French CAC 40 was fixed at 7,576.29 points. According to the GfK report, the consumer confidence index in Germany improved to 20.6 points compared with the revised April value of 24.3 points, although analysts had expected a decrease in the indicator.


At the corporate level, Deutsche Bank shares are growing by 2.43% after the publication of data on net profit for the first quarter, which increased by 39.2% year-on-year and reached €1.775 billion. 


At the same time, shares of the British oil and gas giant BP Plc are getting cheaper. The company reported a 3.3-fold decrease in net profit for the first quarter to $687 million, as well as a decrease in revenue to $47.88 billion.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.