Surprise increases the German business confidence in December. THE'Ifo index, elaborated on the basis of a survey of around 7 companies, has risen to 107,2 points, from 106,6 in November. Expectations were around 106.
This is the second consecutive hike, which signals a certain optimism of companies on the prospects of the economic situation.
The prospects for Christmas sales are good according to German companies, which expect excellent opportunities for exporting their manufacturing goods.
The figure contributed to the rise in European stock exchanges: in mid-morning Milan gained 1,18%, Paris 0,94%, Frankfurt 0,87%. Only London hovers around parity.
