BREAKING: Ifo business climate improves less than expected 🇩🇪

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09:00 AM BST, Germany - German Ifo Business Climate Index for July:

actual 88.6; forecast 89.0; previous 88.4;

Following initial hesitation, DE40 exteded losses below 78.6% Fibonacci retracement level after data release.

Source: xStation5

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Market wrap: Cautious optimism in Europe, inflation higher but below expectations

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.

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