25.03.2015 - Business sentiment in Germany has improved

Today, the German stock market was supported by statistics from IFO, according to which the index of business confidence in Germany rose to 107.9 in March, against 106.8 in February. Analysts had forecasted a rise to 107.4. Improvement is due to the positive effect of the fall in energy prices, increased consumption, and reduced concerns about conflict in Ukraine. It is worth noting that the main driver of growth in the German market remains the program of quantitative easing in the Eurozone. We maintain a positive medium-term outlook for the stock market of the country.

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