PREVIOUS TRADING DAY EVENTS 25 Sep 2023

German business sentiment worsened in September, falling for the fifth month in a row and underlining recession fears in the Eurozones largest economy.

The Ifo Institutes business climate index was reported at 85.7, a decline from a revised August figure of 85.8 but above the 85.2 forecast.

The German economy is risking a second recession in a year after shrinking in the last quarter of 2022 and the first quarter of 2023.

German businesses, as well as politicians and the entire economy, are gradually getting used to the idea that the economy is in for a longer period of subdued growth, INGs global head of macro Carsten Brzeski said.

The Ifo indexconfirmed that the German economy is extremely weak, Capital Economics senior Europe economist Franziska Palmas said.

Source httpswww.reuters.commarketseuropegermanbusinesssentimentworsensseptemberifo20230925

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USDCHF leads this week with 1.77 gains and it is also the top winner for this month with 3.36 gains so far.

News Reports Monitor Previous Trading Day 25 Sep 2023

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Midnight Night Session Asian

No important announcements, no significant scheduled figure releases.

MorningDay Session European and N. American Session

The result of the German ifo Business Climate Survey was reported 85.7, higher than expected but lower than the previous figure. No major shock was observed at that time. However, it is…