Good Morning from #
Germany#, where business sentiment is crawling back from the abyss as uncertainty wanes. Ifo Business Climate rose to 85.6 in June from 85.0, beating est 85.5. Current conditions jumped to 87.0, while expectations edged up to 84.1, missing est 84.8. Firms hope geopol tensions ease after the Iran-war shock, but all 3 Ifo components remain far below their long-term avg. Recovery, yes, but still no boom.