German business climate

Optimistic Mood

October 25, 2016

Commodity prices are higher, led by metals. WTI oil and Comex gold climbed 0.6% and 0.5% to $50.84 per barrel and $1,269.80 per ounce. Markets are discounting a higher likelihood of a fed funds hike this year, but investors increasingly believe the U.S. economy can tolerate such action. U.S. political opinion polls continue to indicate […] More

A Mood to Take on More Risk

November 24, 2014

Asian markets rallied in lagged reaction to China’s interest rate cut on Friday, and European market confidence was heartened further by a better-than-forecast German business climate report.   Another supportive factor has been speculation that the ECB is poised to start purchasing sovereign debt soon.  This will be a light day from a data release perspective.  […] More

IFO Claims "The German Economy is No Longer Running Smoothly"

September 24, 2014

The IFO Institute’s German business climate index dropped 1.6 points to a 17-month low of 104.7.  Such has dropped 6.5 points since April.  Current conditions slid 0.6 points to 110.5 in September, down from 115.3 last April.  Expectations fell 2.4 points to 99.3, 9.5 points weaker than last January.  Manufacturing, construction, retail and especially wholesaling, […] More

Opening Act on Last Week of February

February 24, 2014

It’s been a comparatively uneventful Monday session for the dollar, which shows no net change against the euro, yuan or sterling, a 0.1% uptick against the Swiss franc, but 0.2% declines relative to the yen and Canadian, Australian and New Zealand dollars. Share prices slumped 2.2% in China, but less action was seen in other […] More

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