Markets saw the latest business climate reading from Germany’s Ifo institute yesterday. The monthly release from the institute gives investors clues into the level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers.
Euro-watchers would have kept a keen eye on results as an index equal to or above market expectations usually has a positive impact on the single currency. Yesterday the Ifo reported an increase to 91.1 compared to forecasts of 91.2, signalling less pessimistic expectations.
