Source: Bureau of Economic Analysis The United States’ economy opened the year in a negative note, marking the first contraction since the COVID-19 pandemic hit. QQQ is up 0.49%, while SPY is up 0.24%. The real gross domestic product (GDP) contracted by 1.4% in the first quarter of 2022, following six straight quarters of expansion.The last contraction of the US economy … [Read more...] about US Economy Contracts for First Time in Two Years
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German Economic Sentiment Falls Further to -41.0
Source: ZEW German economic sentiment declined further in April, as experts assume that economic conditions are expected to deteriorate moving forward. EWG is up 0.44%, while DAX is down 1.82% premarket. The ZEW Indicator of Economic Sentiment for Germany dropped 1.7 points to -41.0 points.The assessment of the economic situation also declined by 9.4 points to -30.8, the … [Read more...] about German Economic Sentiment Falls Further to -41.0
