Latest data released by Ifo - 25 January 2021
- Prior 92.1; revised to 92.2
- Expectations 91.1 vs 93.6 expected
- Prior 92.8; revised to 93.0
- Current assessment 89.2 vs 90.6 expected
- Prior 91.3
Slight delay in the release by the source. That's a weak report overall as even the expectations component fell and missed on estimates. That alludes to some suggestion that the virus situation is affecting business morale as a whole.
That said, we'll see if that will be reflected in the hard data and if the outlook will grow slightly better now that German cases have sort of hit a plateau recently.
European equities are seeing a more mixed picture with the brighter start earlier pared back. The dollar has also trimmed some of its losses somewhat in the past hour.
