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  • Economic Buzz: Germany's Gfk Consumer Confidence Falls To Record Low
  • June 28,2022  14:06
  • Germany's consumer confidence dropped to a new record low in July as consumers see the risk of the economy slipping to a recession, survey results from the market research group GfK showed. The consumer confidence index fell to -27.4 in July from revised -26.2 in June. The score was forecast to fall to -27.6. All the three components of the consumer confidence index weakened in June. The economic expectations index dropped 2.4 points to -11.7 in June. Consumers see the risk of recession. Supply chain problems and the war dampen production and high inflation is weighing on private consumption. The income expectations index declined more sharply by 9.8 points to -33.5 in June, the lowest score in almost 20 years. Amid falling economic and income expectations, the propensity to buy slid 2.6 points to -13.7 in June. Households have to pay more for energy and food, leaving less financial resources for larger purchases.

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"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
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 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
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