Germany IFO Institute issued the latest set of its sentiment indices today at 9:00 am BST. Headline Business Climate index was expected to improve slightly compared to May's reading, driven primarily by improvement in Expectations subindex.
Actual report turned out to be a disappointment, with the headline index unexpectedly dropping from 89.3 to 88.6. Both subindices - Current Conditions and Expectations - came in below markete expectations. Current COnditions index remained unchangd at 88.3 while Expectations subindex unexpectedly dropped from 90.4 to 89.0
EUR was muted at first after the release but then moved slightly lower. European indices ticked higher. Overall, scale of the moves was very small, barely noticeable.
Germany, IFO Business Climate index for June: 88.6 vs 89.7 expected (89.3 previously)
- Current Conditions: 88.3 vs 88.5 expected (88.3 previously)
- Expectations: 89.0 vs 90.7 expected (90.4 previously)
EURUSD ticked lower after German IFO data release but remains within the short-term 1.0710 resistance zone. Source: xStation5
Economic Calendar: A Calm End to the Week!
Daily summary: Rising oil pressures EURUSD, bull run on Wall Street continues
BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal
Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
