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MNI: GERMAN DATA: Ifo Survey (Apr 2019) Preview -....>

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MNI: GERMAN DATA: Ifo Survey (Apr 2019) Preview - 09:00BST
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- Ifo BUSINESS CLIMATE: Bbg Cons: 99.9; MNI Median: 99.9; Prev (Mar): 99.6
- Ifo CURRENT SITUATION: Bbg Cons: 103.5; MNI Median: 103.5; Prev (Mar): 103.8
- Ifo EXPECTATIONS: Bbg Cons: 96.1; MNI Median: 96.2; Prev (Mar): 95.6
- Markets expect the Ifo Business Climate to edge higher in Apr, but to remain
close to Feb's near 3-yr low (98.7)
- The Current Situation is anticipated to resume its decline after rising for
the first time in seven months in Mar
- While the Expectations index is projected to rise for a 2nd month running...
- ... it is expected to do so at a softer pace (+0.5pt after +1.6pt in Mar)
- Similarly to ZEW Survey, Current Sit remains above series avg (97.1)...
- ...while Expectations has undershot series avg (98.3) since Dec
- Improving news from China, the Brexit delay and recent dovishness from central
banks are all supportive...
- ... but firms are likely to remain cautious as key risks still lie ahead

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