Germany March Ifo business climate index 99.6 vs 98.5 expected
Latest data released by Ifo - 25 March 2019
- Prior 98.5; revised to 98.7
- Expectations 95.6 vs 94.0 expected
- Prior 93.8; revised to 94.0
- Current assessment 103.8 vs 102.9 expected
- Prior 103.4; revised to 103.6
Slight delay in the release by the source. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.
The euro jumps a little on the back of the more positive headlines here with EUR/USD moving up to a high of 1.1321 on the session from around 1.1300 levels earlier. The data here should at least provide some relief to the dismal manufacturing PMI survey yesterday and with bond yields holding steady this could help ease market worries as we begin the week.