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The business climate in Germany's chemical industry improved for a second consecutive month in September, with demand support from Middle East supply disruptions bolstering the sector, according to the Ifo Institute.
HIGHLIGHTS * Gov Barr (permanent FOMC voter)'s speech Tuesday is primarily on the longer-term outlook for the housing sector, but importantly he notes that his "base case" is for "further policy adjustments" (plural) * Iranian security chief Rezaii via Irib: "Iran has not been in a hurry to negotiate; today, Iran's con
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Germany’s IFO business climate prints 88.8 versus 87.2 forecast and 86.6 prior.
Germany’s Ifo Current Conditions prints at 88.5 versus a forecast of 87 and a prior reading of 86.5.
Germany's IFO business climate index increases to 85.6 in June, beating estimates of 85.5.
Germany's June IFO business climate index rises to 85.6, exceeding expectations of 85.5