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Last week’s highlights
German Ifo weakens in October
The latest data from the German Ifo institute shows that business sentiment fell in October. This reflects concerns among businesses amid the rising number of Coronavirus cases dampening growth.
The Ifo business climate index fell to 92.7 in October after a revised 93.2 from the previous month. The decline was the first in nearly six months.
Economists had forecast that business sentiment would fall to 93.0. The Ifo’s current conditions index rose more than forecasts from 89.2 in September to 90.3 in October.
Durable goods orders rise more than forecast in September
The latest figures from the US Department of Commerce showed a rebound in monthly durable goods orders.
Reflecting a rebound in orders for transportation equipment, headline durable goods orders rose by 1.9% in September. This follows a 0.4% increase in August, and forecasts had been pointing to a 0.5% increase for the period.
Durable goods orders for transportation...
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