Friday, results of the Ifo business survey for Germany revealed that the business climate index rose to 83.7 in April from 82.1 in March. Meanwhile economists had expected a slight increase to 82.3.

The Ifo expectations index climbed to 83.9 from 81.6, while the forecast was for the reading to increase to 82.6. Similarly, the gauge for current conditions rose to 83.6 from 82.7, in contrast to the forecast of a decrease to 82.1.

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