Eurozone business confidence dips

Analysts are suggesting that business confidence in the euro area may have peaked. The May figure for the widely-watched Ifo index was unchanged from a month earlier for Germany, but somewhat lower for France and Italy.

Business confidence, seen as one of leading indicators of future economic performance, as soared in recent months. The latest GDP data for the 13-member eurozone remains strong, backing the European Central Bank's suggestion that interests rate will have to rise by another 25 b

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