German IFO Business Climate Index unexpectedly rises to 85.1 in January vs. 84.6 expected
Source Fxstreet
- German IFO Business Climate Index beats estimates with 85.1 in January.
- The IFO Current Economic Assessment Index rose to 86.1 in the reported month.
The headline German IFO Business Climate Index increased to 85.1 in January from 84.7 in December. The data came in above the 84.6 forecast.
Meanwhile, the Current Economic Assessment Index rose to 86.1 in the same period from 85.1 in December, beating the expected 85.4 reading.
The IFO Expectations Index, which indicates firms’ projections for the next six months, eased to 84.2 in January vs. 84.4 in December and 84 anticipated.
Market reaction to the German IFO Survey
EUR/USD holds the recovery gains following the upbeat German IFO survey. When writing, the pair is trading 0.05% higher on the day at 1.0485.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
Bitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
Related Instrument
