German IFO survey's Business Climate and Expectations improved to 102.4 and 97.9, beating consensus. Disappointing was Current Assessment, sliding from 108.1 to 107.1, instead of coming in at 108.0 in December as expected.
Futures for the American S&P 500 (+0.22%), Nasdaq 100 (+0.38%) and Dow Jones 30 (+0.22%) are signaling a higher opening despite Fitch's warning that the AAA rating is in stake if US politicians can't figure out a way to tackle the “fiscal cliff”.
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