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- Weak German IFO data - TDS
Weak German IFO data - TDS
Analysts at TD Securities note that the German IFO dropped half a point to 97.4 in June, with the Current Assessment rising a tick off a multi-year low, while the Expectations Index fell a point leaving it down near its February multi-year low.
- “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.”
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