Germany: Weakness in IFO data - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that the German IFO slipped half a point to 97.4 in June, with the Current Assessment rising a tick off a multi-year low, while the Expectations Index slipped a point leaving it down near its February multi-year low.

Key Quotes

“It caps a mixed week for German survey data, with the ZEW Expectations Index showing a very sharp drop in June, while the PMI Manufacturing bounced off its recent lows.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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