Top
New York  London  GMT  Tokyo  Sydney 

German Ifo institute business climate index 106.7

By   || August 25, 2010 at 08:08 GMT
|| 1 comment || Add comment

Better than median forecast of 105.7.

EUR/USD has spiked higher, presently at 1.2720. Earlier had been receiving reports of sell orders at 1.2720/30.

Ifo’s Abberger:

  • Growth rates in 2010 first half can not be sustained but no cooling in second half
  • Germany will be affected in 2011 if US, Asia slip into recession
  • Germany will have slight growth in consumption for full year 2010
  • Possible risks for German growth are mainly from abroad
  • No reason for any changes in interest rate policies at moment
Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

One Response to “German Ifo institute business climate index 106.7”

  1. Atje on August 25th, 2010 08:14 GMT

    Well EUR/USD seems to have some issues with this 1.2700 level.
    order book available for us gerry?

Bottom