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Friday, October 22, 2010

German IFO beats estimates

Friday, October 22, 2010
German IFO beats estimatesGerman IFO business climate rose to 107.6 in October compared with the prior 106.8, above estimates of 106.5. Current assessment also climbed to 110.2 from 109.7 in September and median forecasts of 110.0. Expectations gauge surged to 105.1 from the previous 103.9, exceeding analyst's forecasts of 102.9

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