Germany April Ifo business climate index 86.9 vs 85.2 expected

• Prior 86.7
• Current assessment 86.4 vs. 85.4 expected
• Prior 85.7
• Expectations 87.4 vs. 85.0 expected
• Prior 87.7

These are certainly better figures than feared given the trade uncertainty. It shouldn't be a surprise though given that the German PMIs showed the same yesterday and they are correlated with the IFO.