German Ifo Falls Impacted by Ukraine and Iraq

June 24, 2014 Share Print 0

German business sentiment fell more than expected in June, signalling that Europe’s largest economy is taking a breather and companies are concerned about political crises in Ukraine and Iraq.

The Munich-based Ifo think tank’s business climate index, based on a monthly survey of some 7,000 firms, decreased to 109.7 from an unrevised 110.4 in May.

Expectations in a Reuters poll of 40 economists had been for a fall to 110.2.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

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.