German IFO Business Climate Indicator Rises, Sends European Shares and Euro Higher

German IFO Business Climate Indicator Rises, Sends European Shares and Euro Higher

By: Latest Articles from Benzinga.com

Posted on January 25, 2013 at 07:29 AM EST

The German IFO Business Climate Indicator, a broad leading indicator of the health of Europe's largest economy, rose in January and beat expectations of economists. European shares rose, led by those in Germany and the euro climbed on the news. In January, the German IFO Business Climate Index rose to 104.2

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