Germany released the IFO sentiment for the month of August showing that the Business Climate index fell to 108.7 which was worse than expectations of 111.0 and the previous of 112.9. As for the Current Assessmentgauge, it moved lower to 118.1 from 121.4 and also worse than projections of 119.8.

The IFO Expectations index came in at 100.1, lower than market projections of 102.8 with a drop from the previous of 105.0.