German IFO in focus today – TDS

Analysts at TD Securities suggest that there are two-way risks around Germany's IFO survey today, and whether it follows the ZEW survey lower yet again in July, or whether it shows more stabilization as was the case with yesterday's PMIs.

Key Quotes

“We look for the headline business climate to hold steady at 101.8, a bit stronger than market consensus of 101.5.”