German business confidence rises

|By:, SA News Editor

The German Ifo institute's business climate index has increased to 111.2 in April from 110.7 in March and beaten consensus of 110.5.

The current-situation reading rose to 115.3 from 115.2 and exceeded forecasts of 115.7, while the expectations print climbed to 107.3 from 106.4 and topped estimates of 105.8.

The DAX is +0.8% and the euro is +0.15% at $1.3838.

CESifo Web site

ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG