Euro weakened yesterday evening as the Ifo business climate index for Germany fell 0.5 points, missing market expectations of 99.9. It looks like the upswing last month wasn’t necessarily the start of a positive trend.
Spain’s deficit rose from €2.17 billion to €2.63 billion, with imports growing at a much higher rate than exports, at 3.6% versus 1.9%. French business confidence made a slight drop month-on-month, from 103 to 101. The continued presence of the gilets jaunes protests continues to harm perceptions of France for tourism businesses in particular.
