German business sentiment rose more than expected in August, according to a leading survey, as domestic indicators improved and morale was boosted by progress on Greece’s bailout deal.
The much-watched IFO economic institute business climate index ticked higher to 108.3 this month, up from 108 in July.
August’s number beat Reuters consensus forecasts of 107.7,
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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