Business Climate Index from the Institute for Economic Research (IFO). Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the German Institute for Economic Research (IFO) will publish its May business climate index. It is based on a survey of 7.0K managers in the manufacturing, construction, wholesale and retail sectors and assesses overall investor sentiment in the reporting month. The indicator is likely to rise from 84.9 points to 85.6 points, which will support the position of the European currency.

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