Economics

Worsening Mood in Germany, France Damps Euro-Area Rebound Hopes

  • Germany’s Ifo index unexpectedly deteriorates in April
  • Yield on 10-year bunds slips back close to zero again
Photographer: Krisztian Bocsi/Bloomberg
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Key gauges of confidence in the euro area’s two largest economies unexpectedly deteriorated, signaling that a long-expected rebound may still be some way off.