German business confidence falls again; bitcoin smashes through $11,000 - business live

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Here’s Associated Press’ take on the decline in German business morale: A closely watched survey is showing that German business confidence has fallen to a near five-year low as managers’ expectations for the coming six months have deteriorated. The Ifo institute said Monday that its monthly confidence index slipped to 97.4 points in June from 97.9 last month, in line with market expectations.

 

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