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Business confidence rises in Germany for fifth straight month

  • German business confidence rises for the fifth consecutive month in September, as executives become increasingly optimistic about the prospects for the eurozone's largest economy, where unemployment is sitting at a twenty-year low.
  • The Ifo institute's business climate index rose to 107.7 this month from 107.6 (revised) in August. Economists were expecting a reading of 108.
  • A read on the current situation fell to 111.4 in September from 112 in August, while a measure of expectations rose to 104.2 from 103.3.
  • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
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