The Germans Are ‘Euphoric’ And Christian Gives You A Good ‘Poking’

Well, German equities are breathing a heavy sigh of relief on Tuesday. After two straight days of declines (Friday was the worst day the year for the DAX) occasioned by jitters about automaker collusion, a worsening diplomatic spat with Turkey, and a surging euro (all things that bode poorly for exporters), the latest Ifo business climate print was fantastic: (BBG) That's a record right there. Here's the full breakdown: IFO JULY GERMAN BUSINESS CONFIDENCE INDEX AT 116.0; EST. 114.9 IFO J