Japan Hits Multi-Year Highs as Germany Posts 6-Year Confidence Lows
A macro divergence is widening between Japan and Europe: Japan's leading indicators and equities are at multi-year highs while Germany recorded near-6-year lows in business and consumer confidence. US tariff exposure and energy cost pressure are amplifying Europe's structural drag. Economists warn a 1970s-scale oil shock remains possible if the Middle East conflict goes unresolved.
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