Germany February Ifo business climate index 85.5 vs 85.5 expected ...Middle East

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Germany February Ifo business climate index 85.5 vs 85.5 expected
Prior 85.2Current conditions 86.9 vs 86.7 expectedPrior 87.0Expectations 84.1 vs 84.0 expectedPrior 83.5The headline reading matches estimates as German business sentiment improves slightly on the month. Current conditions continue to struggle but the outlook is at least seen improving further. That being said, the latter owes much to hopes of a turnaround in sentiment as the ECB looks to cut interest rates in the months ahead. This article was written by Justin Low at www.forexlive.com.

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