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.