German IFO business confidence data in the limelight – Danske Bank

In view of analysts at Danske Bank, the German ifo business confidence will attract attention today.

Key Quotes

“Ifo estimates fell slightly in April to 105.2 from 105.7 in March. We may see a further small decline in German business expectations to 104.9 due to a softening of the business cycle indicators in the US and China, although there could be tailwind from the outcome of the French election.”