* Business sentiment falls for the third month running. * Ifo economist says "the peak lies ahead" for supply crisis. By Paul Carrel and Patricia Uhlig. German business morale fell for the third month running in September, hit by a "bottleneck recession" for manufacturers in Europe's largest economy that shows no sign of easing, a survey showed on Friday.
German business morale fell for the third month running in September, hit by supply chain problems that are causing a "bottleneck recession" for manufacturers in Europe's largest economy, a survey showed on Friday. The Ifo institute said its business climate index fell to 98.8 from an upwardly revised 99.6 in August.
-European stocks fell on Friday as worries about troubled property developer China Evergrande and weak German business confidence data prompted investors to book some profits after a mid-week rally.
German Social Democrat candidate for chancellor Olaf Scholz promised on Thursday to help the steel industry convert to climate-friendly production if his party, clinging to a narrow lead in polls, wins Sunday's federal election.
Germany's upcoming national election is likely to show the most fragmented outcome in decades and markets could struggle to work out the implications for stocks, with one exception: if you score low on green technology you face trouble.
Germany's economic recovery from the COVID-19 pandemic lost momentum in September as activity in both the manufacturing and services sectors slowed amid supply bottlenecks and waning catch-up effects, a survey showed on Thursday. IHS Markit's flash Purchasing Managers' Index showed growth in the manufacturing sector slowed to an eight-month low reading of 58.5 from 62.6 in August.
* World FX rates: http://tmsnrt.rs/2egbfVh. * China sovereign CDS jump to near one-high high. * HK stocks at 11-month low as fears rise of Evergrande default. * Canada and German elections add to uncertainty. * Fed tapering details awaited in c.bank meeting later in the week. By Tom Arnold.
* World FX rates: http://tmsnrt.rs/2egbfVh. * HK stocks at 11-month low as fears rise of Evergrande default. * Canada and German elections add to uncertainty. * Fed tapering details awaited in c.bank meeting later in the week. By Tom Arnold.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * HK stocks at 11-month low as fears rise of Evergrande default. * Market correction inevitable as growth fears resurface - analyst. * Canada and German elections add to uncertainty. * Fed tapering details awaited in c.bank meeting later in the week. By Wayne Cole and Anushka Trivedi.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * HK stocks extend slide, Evergrande down sharply. * Fed leads a host of central bank meetings this week. * Markets wary on Fed tapering, dot plots on hikes. * Canada and German elections add extra uncertainty. By Wayne Cole.
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