Analysts at TD Securities are looking for 2-point declines across both components of the German IFO for November, with the Current Assessment falling to 103.9 (mkt: 105.5) and the Expectations Index dropping to 97.8 (mkt: 99.3), reflecting in part the slide in last week’s PMIs.
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“The ECB’s Praet speaks at 9am, Nowotny and Coure at noon, and Draghi appears before the European Parliament at 2pm (all times GMT).”
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