German Ifo: German business waiting to see Trump in action

Following the release of the German Ifo business surveys, the economists from the Ifo institute came out on the wires and justified the reason behind the impressive headline numbers.

Key Headlines:

US interest rate decision having indirect impact on sentiment

Falling euro boosting export expectations for German industry

Domestic demand in industry is good

Consumers continue to spend freely

German business waiting to see what Trump does but his election is not weighing on sentiment

Italian crisis has no effect on sentiment, markets know ECB stand ready to act