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28.07.2026 12:25 AM
On Monday, all market attention was focused on the geopolitical agenda, amid de-escalation signals from the US and Iran. Recent events surrounding the Middle Eastern conflict have significantly reduced demand for safe-haven assets and pushed macroeconomic data to the background.However, this does not mean that the July IFO indices released on Monday have lost their significance for the market. On the contrary, they complete a logical sequence of key European leading indicators, alongside the ZEW and PMI indices published last
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