German consumer confidence slumped as energy costs bite, even as parliament approved a fuel tax discount meant to ease pressure at the pump. The fiscal relief arrives against weak
German consumer confidence slumped as energy costs bite, even as parliament approved a fuel tax discount meant to ease pressure at the pump. The fiscal relief arrives against weak sentiment, so its impact depends on whether households spend rather than save the savings. Meanwhile, European stocks tracked a weekly gain as oil prices eased, and a reported merger approach in the German chemicals sector added dealmaking buzz, with SAP shares also rising.
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