Market Comment | Recent positive mood curbed slightly amid lowering oil prices
Published on Tuesday, October 25, 2016
Market Comment | Recent positive mood curbed slightly amid lowering oil prices
Summary
The German Ifo Business Climate Index surprised to the upside, rising from 109.5 pts in September to 110.5 pts in October. This improvement is due to increased confidence in both the current situation and business expectations (0.3 and 1.6 pts respectively). This is in line with the October Composite PMI figure, which also suggests that […]
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BBVA Research
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