In view of TD Securities analysis team, Germany’s IFO index was a mixed bag after disappointing PMI data of yesterday.
Key Quotes
“The headline and current conditions both coming in better than consensus, but expectations falling to a new post-financial crisis low of 90.8 (mkt 92.0). This leaves it more in line with the yesterday’s disappointing PMI data than the upbeat tone from the ZEW’s expectations component last week.”
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