Today we have published data demonstrating the growth of business confidence in Germany in August. The index of business sentiment Ifo reached 108,3 against the July values 108 and economists forecast 107,5. In addition, according to a report by the statistical office of Germany, in the second quarter compared with the first quarter of Germany's GDP rose 0.4%, the main driver of growth was exports.
Meanwhile, trading in Shanghai today ended with the fall of 7.6%. The main index for the first time since December fell below 3000 points, after yesterday, he suffered the biggest one-day loss in more than eight years. However, in the oil market today correction – the price of a barrel of Brent at the time of writing the review grew by 2,86% to 43,91 dollar. Played their loss of "black Monday" and the dollar.
It is possible to speak about occurrence of a lull, that investors do not believe that business in China is so bad. Partly this dynamics in the markets shows that the collapse was rather technical, so the panic of Monday is already almost settled.
Today you should pay attention to the indicator of consumer confidence, home sales in the primary market, as well as the actual inventories of crude oil according to the API in the United States.
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