Reply To: Traders Market Weekly: Jobs and Central Bankers


Germany’s ifo Business Climate Index weakened to its lowest level in two years.
The survey noted that German companies expect significant deterioration in the coming months and that the country is on the brink of recession.
European Central Bank President Lagarde said that the ECB will keep raising rates as long as needed to bring inflation down to target.
Volkswagen chairman Diess will step down at the end of August. He will be replaced by Oliver Blume.
Germany’s July ifo Business Climate Index 88.6 (expected 90.2; last 92.2). July Current Assessment 97.7 (expected 98.0; last 99.4) and Business Expectations 80.3 (expected 83.0; last 85.5)
U.K.’s July CBI Industrial Trends Orders 8 (expected 13; last 18)