Germany July IFO business sentiment indices 25 July 2016

  • 108.7 prev
  • current assessment 114.7 vs 114.0 exp vs 114.60 prev revised up from 114.5
  • expectations 102.2 vs 101.6 exp vs 103.10

IFO head Fuest says German economy remains resilient but automotive sector reported pessimistic expectations.

Brexit what Brexit? Worse than prev but better than expectations. Euro not impressed though and still treading water.

DAX extends gains and now up +0.7%

Full report here