The German IFO business climate indicator weakened slightly in March


  • European shares reversed yesterday’s losses supported by easing tensions on Ukraine and ECB quotes on further monetary easing. US Equities trade in positive territory too, although gains remain more contained (0.5%).

  • The chairman of the Bundesbank, Jens Weidmann, said today that negative interest rates are uncharted territory and their effectiveness is debatable, but added that the quantitative easing programme is not out of the question.

  • After major industrialised nations warned Moscow yesterday of tougher sanctions if they went beyond the seizure of Crimea, both parties appeared ready today to draw a provisional line under the Ukraine crisis.

  • The German IFO business climate indicator weakened slightly in March, in line with expectations, as firms grew more cautious on their outlook for activity, which was probably to some extent due to the Crimea crisis.

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