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Guardian Stockbrokers Key Economic News Wednesday 26 July 2023

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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German Ifo business climate index fell more than anticipated in July

In Germany, the Ifo business climate index dropped to 87.30 in July, compared to a revised level of 88.60 in the prior month. Markets were expecting the index to drop to 88.00.

German Ifo current assessment index dropped more than expected in July

In Germany, the Ifo current assessment index declined to 91.30 in July, compared to a level of 93.70 in the previous month. Market anticipations were for the index to fall to 93.00.

German Ifo expectations index fell less than forecasted in July

In Germany, the Ifo expectations index dropped to 83.50 in July, compared to a revised level of 83.80 in the prior month. Market anticipations were for the index to fall to 83.40.

US consumer confidence climbed more than anticipated in July

In the US, the consumer confidence index rose to 117.00 in July, compared to a level of 110.10 in the previous month. Markets were expecting consumer confidence to rise to 111.80.

US Richmond Fed manufacturing index dropped less than expected in July

In the US, the Richmond Fed manufacturing index fell to -9.00 in July, less than expectations and compared to a revised level of -8.00 in the previous month

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