German business confidence falls


The German Ifo institute's business-climate index has slipped to 110.4 in May from 111.2 in April and missed consensus of 110.9.

The current-situation reading declined to 114.8 from 115.3 and undershot forecasts of 115.5, while the expectations print fell to 106.2 from 107.3 and vs estimates of 106.6.

The euro dives and is -0.2% at $1.3631, while the DAX is flat.

CESifo Web site

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

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Comments (2)
  • Lakeaffect
    , contributor
    Comments (1466) | Send Message
     
    And it will slip further as the ramifications of Ukraine continue to sink in.
    23 May 2014, 10:22 AM Reply Like
  • caupachow
    , contributor
    Comments (524) | Send Message
     
    June 1st Ukraine must pay in cash for all their fuel purchases. It Is What Putin Demands!
    This will hurt them and may have small effect on western Europe.
    23 May 2014, 11:13 AM Reply Like
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