German consumer confidence falls as markets await Fed decision – business live

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German sentiment lowest since June amid lockdown as Fed is expected to stick to ultra-loose policy stance; focus also on US tech earnings

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Microsoft released stellar results last night as the Covid-19 pandemic sparked a boom in PC sales and video gaming and drove higher usage of the company’s cloud services. The Xbox and PC maker posted a 17% increase in revenues to $43.1bn between October and December, which beat forecasts, sending its shares to a record high.

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