Read more
8:04 AM · 25 October 2022

BREAKING: German IFO index beats expectations, DE30 muted

-
-
Open account Download free app

German IFO indices for October were released at 9:00 am BST today and the report came in better-than-expected. Current Assessment index dipped from 94.5 to 94.1 but the market expected a drop to 92.5. Expectations index jumped from 75.2 to 75.6 pts (exp. 75.0). As a result, headline Business Climate index managed to stay unchanged at 84.3 while market expected a drop to 83.5. However, commentary from Ifo economists was somewhat downbeat as they hinted that recession is coming this winter and that they expect the German economy to shrink by 0.6% in the final quarter of 2022 . While expectations for industry have slightly improved, retailers' expectations reached a new record low.

Report failed to trigger any major move on the market with German DAX moving less than 0.1% higher in the first minutes of trade. EURUSD also moved higher but the move was also small - also around 0.1%.

DE30 failed to see any major move in the aftermath of Ifo indices release. Index continues to trade a touch below a psychological 13,000 pts area but another attempt to break above looks likely. Source: xStation5

11 February 2026, 8:30 AM

Economic calendar: NFP data and US oil inventory report 💡

11 February 2026, 6:33 AM

Morning Wrap: Dollar in a trap, all eyes on NFP 🏛️(February 11, 2026)

10 February 2026, 1:31 PM

BREAKING: US RETAIL SALES BELOW EXPECTATIONS

10 February 2026, 8:50 AM

Economic calendar: Indices and EURUSD await US retail sales report

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits