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August 6, 2024

Factory orders down 11.8% in Germany year-on-year in June

ISTANBUL: Factory orders in Germany dropped by 11.8% in June on a yearly basis, the federal statistical authority Destatis revealed on Tuesday.

In May, factory orders also fell by 8.7% year-on-year, Destatis’ data showed.

On a monthly basis, orders …

Global markets recovered after historically high selling pressure

ISTANBUL: After concerns that economic activity in the US may slow down more sharply than expected led to deepening selling pressure in global markets on Monday, risk appetite increased in the markets on Tuesday.

The effects of concerns that the Fed’…