German Business Morale At 15 - Month High - NYTimes.com
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Reuters- German business morale rose in November to levels not seen since the collapse of U.S. investment bank Lehman Brothers last year, boosting hopes that a recovery in Europe's largest economy can gain momentum.The Ifo economic think tank's business climate index, based on a monthly poll of some 7,000 firms, rose to 93.9 from 92.0 in October, exceeding a consensus forecast for a 92.5 reading and bringing the survey to its highest level since August 2008. It was the eighth consecutive rise in the index and pushed the euro higher against the dollar and Bund futures lower.
