Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Industrial production in Germany during the month of May fell sharply, diving below market expectations following a significant decline in capital goods output. However, this indicated that the country's industry has already lost momentum after a strong start to the year.
German industrial production, adjusted for seasonal swings and calendar effects, fell 1.3 percent in May from the preceding month, while market had anticipated a minimal decline of 0.1 percent, data released by the Ministry of Economics showed Thursday.
The drop in overall industrial production comprised a 1.8 percent m/m decline in manufacturing output, as capital goods production plunged 3.9 percent from the preceding month, the data showed.
Further, the ministry expects industrial production to resume its pace in the upcoming future, pointing deliberately to a slight pickup in business sentiments over the recent months. The optimistic view comes despite warnings by the country’s businessmen of possible Brexit risks that will pressurize investor sentiments.
Despite a slight optimistic view on the German industry, the unexpected economic fallout from Britain‘s vote last month to exit the European Union, is expected to have repercussions for the entire EU.
