News
🚨 🇩🇪 German Ifo edges up to 90.2 as expectations beat, current conditions miss
🚨 🇩🇪 German Ifo edges up to 90.2 as expectations beat, current conditions miss
- 🇩🇪 German Ifo business climate rose to 90.2 in October from 89.9, a touch above the 89.9 to 90.0 expected, per newswires
- 🇩🇪 Expectations led the gain, jumping to 91.6 from 90.4 against 90.0 forecast
FO view: A mixed but net-positive Ifo: the forward-looking expectations beat points to a turn in German sentiment despite a weaker read on current conditions, mildly supporting the euro, Bund yields and the DAX ahead of Thursday's ECB decision.
Not investment advice.