BHS (BH Securities a.s.)
Markets  |  January 25, 2013 10:27:12

Than expected IFO indices, DAX to 5-year highs

This week, one of the most significant macro data in Europe today turned out better than expected. They were published in the January 10 am German Ifo index, which recorded higher growth than expected.

Business climate index rose in December to 102.4 b 104.2 b (exp. 103 points) and got the highest level since June. Index of current conditions then 107.1 b to 108 b (exp. 107.3 points) thereby offsetting November's level.Index expectations then increased from 98 b to 100.5 b (exp. 98.5 b) and up to May. Data indicate that the German economy would again be the main driver of economic development in the euro area.

As if in anticipation of better figures already headed the German index DAX 10 hours to the north. Published data subsequently sent to the index for 7 842.58 b, ie not more than from 08/01/2008. For this week, so he could reclaim the German index by a further 1.5%.

J. Ramakrishnan

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Indexy IFO nad očekáváním, DAX na 5letých maximech

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