Germany’s Ifo Business Climate index rose to 89.4 in April, up from a revised 87.9 in March and above the market estimate of 88.9. The index is still in negative territory (100 separates pessimism from optimism) but there are signs of optimism that the eurozone’s largest economy may have bottomed out.
The euro is slightly lower on Wednesday. In the European session, EUR/USD is trading at 1.0685, down 0.16%. German shows signs of optimism Germany’s Ifo