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German business confidence continues to slump

Oct. 27, 2014 5:12 AM ETEWG, FXE, GUR, ERO-OLD, EU-OLD, URR, DRR, ULE, EUO, ESR, BUNL, BUNT, GERJ, EWGS, GGOV, FGM, EUFX, DBGR, DXGE, HEWG, QDEU, DAXBy: Yigal Grayeff, SA News Editor
  • The German Ifo institute's business-climate index has dropped for the sixth month, slipping to 103.2 in October from 104.7 in September and missing consensus of 104.3.
  • The current-situation reading declined to 108.4 from 110.5 and undershot forecasts of 110, while the expectations print fell to 98.3 from 99.3 and vs estimates of 98.9.
  • The euro shows little reaction and is +0.2% at $1.2697, while the DAX is -0.1%.
  • CESifo Web site
  • ETFs: FXE, EUO, EWG, ERO, EU, DRR, GUR, ESR, EUFX, EWGS, ULE, DBGR, BUNL, URR, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG, DAX

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