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Thursday, April 25, 2013

German business sentiment falls in April.

Germany's Ifo business climate index fell to 104.4 in April, down from 106.7 in March. It's the 2nd consecutive decline for the index and missed not just consensus estimates of 106.2, but the lowest forecast of the group at 104.4. The Dax was higher midday with the news reinforcing ideas the ECB is set to further ease policy.

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