Germany released its IFO business climate for the month of September coming in at 91.3 which is worse than the expected reading of 92.0 and higher than the prior reading of 90.5.

IFO current assessment in September rose to 87.0 from 86.1 yet is lower than the markets projections of 87.7.

Also released was IFO expectations for the month of September came in at 95.7 worse than the predicted 96.6 while higher than the previous 95.0.