European stocks open mixed on Wednesday. Besides the German IFO business climate data Greece remains in the focus. As it became known the Greek government will present an updated list with planned reforms on Monday 30th to its Eurozone creditors.
The business climate in Eurozone's largest economy rose more-than-expected and is a strong sign that the economic recovery is on track and the QE program of the ECB starts to have positive effects.
The IFO - Business Climate for the month of March improved from 106.8 to 107.9 beating estimates of an increase to 107.4. Data on the IFO - Current Assessment came in at 112.0, compared to a previous reading of 111.3. IFO - Expectations rose from 102.5 to 103.9.
The FTSE 100 index is currently trading 0.21% quoted at 7,034.23 points. Germany's DAX 30 is trading higher at 12,011.98 points 0.05%, back above the psychologically important 12,000 points level. France's CAC 40 is currently trading at 5,081.57 points, -0.13%.