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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo business climate index surprisingly advanced in March
The Ifo business climate index in Germany recorded an unexpected rise to a level of 99.60 in March, higher than market expectations of a drop to a reading of 98.50. The index had recorded a revised level of 98.70 in the prior month.
German Ifo business expectations index unexpectedly rose in March
The Ifo business expectations index in Germany recorded an unexpected rise to a level of 95.60 in March, compared to a revised reading of 94.00 in the prior month. Market anticipation was for the index to record a steady reading.
German Ifo current assessment index surprisingly climbed in March
The Ifo current assessment index in Germany registered an unexpected rise to a level of 103.80 in March, compared to market expectations of a drop to a reading of 102.90. The index had registered a revised level of 103.60 in the previous month.
US Dallas Fed manufacturing business index declined in March
In the US, the Dallas Fed manufacturing business index fell to a level of 8.30 in March, lower than market expectations of a drop to a reading of 9.00. The index had registered a reading of 13.10 in the previous month.
US Chicago Fed national activity index dropped in February
In the US, the Chicago Fed national activity index dropped to a level of -0.29 in February, higher than market expectations of a fall to a reading of -0.38. In the previous month, the index had recorded a revised reading of -0.25.
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