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Quotes from Credit Agricole CIB:
-The German IFO business climate is expected to stabilise at 110.7 in April. We expect a slight improvement in the manufacturing and retail sectors, while construction and whole saling will likely weigh on the global index.
-The current business assessment is expected to increase to 115.4, while business expectations would decline slightly at 106.2 versus 106.4 in the previous month.
-Business conditions remain favourable for activity in many sectors, while expectations are likely to adjust downwards in the coming months.