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Preview - Big impact on risk conditions from German IFO release
Following contrasting fortunes in Tuesday’s German releases, the trio will be completed by the German IFO index on Wednesday. The data will be extremely important for Euro sentiment as it will give vital insights into the probable German economic trajectory and wider Euro-zone pressures over the next few months. The initial impact may be seen more in risk appetite as a very weak figure would increase fear substantially, especially as banking fears would intensify. Markets have already priced in a significant deterioration and the Euro should be resilient if there is only a measured decline from July levels and a ... (full story)
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