Germany · IFO – Expectations: 90.4

Actual90.4

Forecast89.3

Previous89.1

Surprise +1.10σ

VerdictABOVE FORECAST

ReadBunds NEUTRAL · Equities NEUTRAL

Germany · IFO – Expectations: Actual 90.4, forecast 89.3, prev 89.1. Surprise: ABOVE FORECAST by 1.1 sigma. Desk read: Bunds NEUTRAL · Equities NEUTRAL.

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