German business sentiment ticks up slightly in April, while optimism wanes as COVID-19 continues to impact both domestic and global economic activity.
It’s been a relatively quiet start to the day on the Eurozone economic calendar.
With no major stats to consider ahead of the European open, German business sentiment was in focus this morning.
In April, Germany’s IFO Business Climate Index rose from 96.6 to 96.8. For March, the index had risen from 92.7 to 96.6.
According to the April survey,
By Sector:
Ahead of the stats, the EUR had risen to a pre-stat and current day high $1.21169 before falling to a pre-stat and current day low $1.20887.
In response to the prelim PMI figures, the EUR rose from $1.20973 to a high $1.21029 before easing back.
At the time of writing, the EUR was up by 0.01% to $1.20988.
The DAX30 was up by 0.07% to 15,291.01, which was down from a current day high 15,325.89.
March durable goods and core durable goods orders from the U.S.
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.