Germany's consumer sentiment weakens

Germany's CS trading weaker

Germany's consumer sentiment unpredictably reached its weakest zone within a period of five months until April, as per today's latest survey.

Germany's CS to 9.8

Based on the Nuremberg-based GfK institute's survey of approximately 2,000 Germans, the consumer sentiment through April dropped to 9.8.

The estimations for the German personal income declined for the second consecutive month, whereas propensity and economic expectations to purchase rose.

Germany's rate of inflation in February climbed to 2.2% compared to the previous month's 1.9%, driven by rising food and energy costs.

U.S. dollar trading stable

With the focus being mainly on the U.S.'s healthcare bill, the greenback traded mostly within a flat formation.

The U.S. dollar index traded stable at 99.48, while the sterling approached the $1.25 level.

Oil prices recovering from losses

Today, oil prices recovered from losses, despite that the market resumes being under pressure. Brent futures reached $50.99 per barrel rising 0.7% or 35 cents.

WTI futures in the U.S. traded to $48.41 a barrel appreciating 0.8% or 37 cents.

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