And some data just came out on german business climate. The ifo german bit climate coming in at the estimate 104. 5. The number coming in at 105. 5. Slightly higher than what we saw in november and in line with estimates. The German Ifo Business sentiment came in at 105. 5. Why do we care about this . Germany, of course, is europes largest economy. Given its high exposure to russia, German Economy has been showing signs of weakness over the past couple of months. The recent zew survey did come in higher than expected indicating a improvement in Business Sentiment. Were looking at the euro slightly higher trading at 1. 2332. Lets bring in simon, who is joining us now to get your reaction to this german ifo number. Does this surprise you . We see this, the zew and the pmi data lately. I think mainly the main surprise is that theyre shrugging off the surprise coming out of europe. The most open economy, 35 export to gdp ratio. Thats a little bit of a surprise. And is this one reason, give
So, Current Conditions 112. The expectations component 103. 3 in august versus the reuters consensus of 103, so a little bit broader. Ifo has no revisions to the july indices. Lets get a breakdown on this. On the phone from munich, an expert at the Ifo Institute, helped to compile this story. Doctor, good to speak to you. Its been a while. Thanks for joining us this morning. Whats the key takeaway from what this survey says about the state of the German Economy . The strongest increase at this month in the manufacturing industry, and here particularly in the investment good sector, so it looks like that the upturn gets more momentum. How strong would you describe that momentum . Well, we had made the forecast for this year 0. 6, and i think this is something we could reach, so investment is always somewhat lagging behind, and this is now a positive sign that Companies Start investing more. This suggests that the data weve had, broadly speaking, which is improved, is sustainable. Is thi
The CAC40 opens the session slightly higher at 7930Pts , following a session that saw the Parisian flagship index gain nearly 1.3% to 7911 points, in a context of general euphoria thanks to Nvidia s.
Up by around 0.2%, futures on the CAC40 augur well for a cheerful opening on the heels of a session that saw the Parisian flagship index gain nearly 1.3% to 7,911 points, against a backdrop of general.
Here we are, 8 consecutive sessions up , including 7 absolute records in a row , what more can we say?We can point out that the CAC40 has just peaked at 7.980Pts, that it has gained +2.5% over the.