Germany · IFO – Business Climate: 89.9

Actual89.9

Forecast89

Previous88.8

Surprise +1.13σ

VerdictABOVE FORECAST

ReadBunds NEUTRAL · Equities NEUTRAL

Germany · IFO – Business Climate: Actual 89.9, forecast 89, prev 88.8. Surprise: ABOVE FORECAST by 1.1 sigma. Desk read: Bunds NEUTRAL · Equities NEUTRAL.

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