German IFO expected a tad lower in July – Danske Bank

FXStreet (Edinburgh) - Analyst Kristoffer Lomholt at Danske Bank remarked today’s releases in the euro area.

Key Quotes

“In the eurozone activity has been supported by ECB’s monetary policy easing as it has resulted in cheaper and more accessible bank lending. We expect today’s figures for money supply and credit to illustrate this”.

“Germany will publish Ifo Business Climate index, which we expect to have weakened in tandem with the recent (temporary) slowdown in economic figures”.