Rumour circulating in markets that Ifo business climate for December will come in at 116, much better than median forecast of 109.

Take it for what you will. As with most rumours I’d take this one with a large pinch of salt. But just so you know the talk is out there.

Data out in about 15 mins, so not long to wait to find out whether there is substance in the rumour or whether it’s a load of old cobblers.