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German business confidence fell in April, according to a key domestic survey, as cold weather and the Cyprus bailout hit industries hard in Europe's largest economy. The euro fell to a three-week low of $1.2957 against the US dollar immediately following the data release. German bund futures, a proxy for market risk, rose 16 ticks to a session high of 146.25. According to a statement published Wednesday on its website, a survey of more than 7,000 German business executives fell to 104.4 in April from 106.7 in the previous month. Karl Carstensen, the head of department business cycle analysis and surveys said that “the majority of companies assessed their current business situation as good, they were far more cautious than last month”, their expectations regarding future business developments were also lower. The German economy is taking a breather in manufacturing the business climate. Sylodium (global import export directory) you can advertise for free your company or your project, at the intersection of cities that you want, for example; Berlin (Germany) - London (UK) or any city around the World.
