German Ifo Business Sentiment Rises in November

December 18, 2013 Share Print 0

German business sentiment rose in December, according to data released by the Ifo Institute on Wednesday, adding to a raft of recent positive economic data from the euro zone’s largest economy.

The business climate index rose to 109.5 in December, in line with a Reuters forecast. The reading in November was 109.3.

Other data collected by the Munich-based research institution showed that German business expectations also rose, to 107.4 in December from a revised figure of 106.4 the previous month.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.