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Market News  Thursday February 23 , 2012 09:03 GMT

German business confidence rises above forecasts

German IFO business climate indicator rose for the fourth consecutive month to 109.6 in February from 108.3 a month before, while analysts' forecasts referred to a rise to 108.8. Current assessment gauge soared to 117.5 compared with the prior 116.3 and median estimates of 116.5, while expectations gauge edged up to 102.3 from January's reading of 100.9, above forecasts of 102.0.

 

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