IFO economist out with a statement following the data release 23 May
– order inventories have grown
– companies want to export more
– Macron victory in France was a positive signal, giving a tailwind to EU
EURUSD running out of a bit of puff after early gains. Expect demand into 1.1240 then 1.1220 now. Offers/res 1.1275-80
Germany’s IFO say latest report and other indicators suggest Q2 +0.6% GDP
