German Ifo Business Climate (Feb) 88.6 vs. Exp. 88.4 (Prev. 87.6)
The German Ifo Business Climate index came in slightly above expectations, indicating a modest improvement from the previous month.
Novo Nordisk's (NOVOB DC) CagriSema 2.4 did not meet the primary endpoint of showing non-inferiority on weight loss vs tirzepatide 15mg at 84 weeks
Swiss Sight Deposits (w/e Feb 22). Domestic Banks CHF 440.6bln (prev. 437bln), Total CHF 457.6bln (prev. 452.7bln)
German Ifo Business Climate (Feb) 88.6 vs. Exp. 88.4 (Prev. 87.6)
JPMorgan forecasts a copper deficit of 130k tonnes in 2026
Russian Defence Ministry says Russian forces struck Ukrainian transport, energy and fuel infrastructure
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This could suggest increasing confidence in the German economy, which is significant for euro area growth outlooks and may influence ECB policy considerations moving forward. Market participants may interpret this as a positive signal for the euro, particularly in relation to other currencies.
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