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German IFO in the spotlight – Danske Bank

FXStreet (Edinburgh) - Chief Analyst Arne Rasmussen at Danske Bank underlines the relevance of the German release.

Key Quotes

“The main event will be the release of IFO business climate for September in Germany”.

“We expect it to have continued to deteriorate in September, driven mainly by a decline in current conditions while there might be tentative signs of a stabilization in expectations”.

“Yesterday’s PMI suggests that Germany’s export-dependent manufacturing industry has lost considerable momentum while the service industry remains resilient”.

Finland Export Prices (YoY): -0.9% (August) vs previous -0.7%

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