Risk appetite increased further in Tuesday’s European session as better-than-expected survey data out of Germany underlined the improving economic outlook for the Eurozone as well as for the global economy. Germany’s Ifo business climate index rose to a 2½-year high of 110.5 in October, beating forecasts that it would stay unchanged at 109.5. The Ifo current conditions and expectations indices also increased to 2½-year highs and were significantly above consensus estimates. German and Eurozone business sentiment had taken a hit [..]
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