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Important data IFO business climate index and business expectations in Germany in today

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At 10:00 we expect the index of producer prices of Spain, as analysts' forecasts are for the preservation of records of -1.1% to -1.5% monthly and annual basis, the data will have limited impact on the market.

At 11:00, investors will focus on data from Germany IFO index. Business climate index is expected to rise to 106.5 compared to 105.5 points in the previous reporting period. At the same time will become clear and the index for economic expectations. For it is also expected to increase to 102.5 compared to 101.4 points in the previous period. If forecasts justify likely see an increase in the single European currency.

At 11:30 UK Release expect the number of approved applications for mortgage loans to BBA. The forecasts are for a slight increase to 36 500 to 36 717. In better data are likely to see an increase in pounds.

In the US session we have news from the US at 17:30 on Dallas Fed index, and analysts say it will decline by 0.1 points to 4.0 points from 4.1 in the previous period, the data are likely to have limited impact on the market.

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