Germany’s Ifo business climate index likely recovered slightly in March
Germany’s Ifo business climate index for March is likely to rise somewhat to 105.8 from February’s 105.7. The index continues to be at a historically high level; however, expectations have been hit considerably in recent…
Germany’s Ifo business climate index for March is likely to rise somewhat to 105.8 from February’s 105.7. The index continues to be at a historically high level; however, expectations have been hit considerably in recent months as uncertainty in market increased. It is possible that most of the downbeat is exaggerated. Germany’s industrial production was considerably more than market expectations at the beginning of 2016.
Hence, expectations are likely to rebound from 98.8 to 99.7, whereas the assessment of current conditions might slightly decline to 112.5, remaining at a high historical value. The wider than expected actions by the ECB and the recent stabilization in the market are expected to have had a positive influence. Risks to the GDP forecasts are on the upside given the strong start to Q1 in terms of hard data.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
