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3 Numbers: German mood brightens, US jobless claims, US services PMI
Is the outlook brightening on the margins for Germany’s economy after several months of managing expectations down? Yes, according to the consensus forecast for today’s Ifo survey data. Later, the US is in focus with updates on weekly jobless claims, followed by the initial estimate for economic activity in the services sector for December via Markit’s purchasing managers index (PMI). Germany: Ifo Business Survey (09:00 GMT) This week’s flash December readings on composite business sentiment benchmarks for Germany and the Eurozone displayed an unusual pairing: a slightly faster rate of growth for Europe while ... (full story)