German IFO expectations expected to decline – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, expect the German Ifo expectations to decline in line with the German PMI and ZEW figure.

Key Quotes

“But if the decline is modest like the PMI's, it suggests that the latest weakness is mainly in the financial sector, which might reduce some of the growth concerns. However, we expect the euro area PMI to weaken further.”