Germany · IFO – Expectations: 89.1

Actual89.1

Forecast87.5

Previous86.7

Surprise +1.60σ

VerdictABOVE FORECAST

ReadBunds neutral · Equities neutral

Germany · IFO – Expectations — Actual 89.1, forecast 87.5, prev 86.7. Surprise: ABOVE FORECAST by 1.6 sigma. Desk read: Bunds neutral · Equities neutral.

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