Latest data released by Ifo - 25 October 2018
- Prior 103.7
- Expectations 99.8 vs 100.4 expected
- Prior 101.0; revised to 100.9
- Current conditions 105.9 vs 106.0 expected
- Prior 106.4; revised to 106.6
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.
A softer touch once again for business/investor sentiment and that's only going to add more weight that the economic rain clouds are starting to carry over into Q4 for the German economy.
EUR/USD holds steady at 1.1404 currently with focus being on the ECB and Draghi to come. EUR/GBP is near flat levels at 0.8840. EUR/JPY currently trading at session highs of 128.13 as the yen slips further on the day with E-minis and European equities moving higher.
