Overview: The German IFO index disappointed in April and fell stronger than expected. The decline was broadly based across sectors and reflected lower expectations as well as assessment of current condi-tions. We have been puzzled about its strength in the past few months, but we may now start to see the slowdown in growth feeding through to IFO. The decline was not a total surprise as markets got a warning from the steep decline in Belgium business confidence yesterday.

More: continued here



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This entry was posted on Monday, April 28th, 2008 at 3:04 am and is filed under Forex Market View. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.