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Rise in German Business Morale Masks Uncertainty Over China

German business morale rose in August, but the exports that drove a second-quarter expansion may falter later this year if China's slowdown hits Europe's largest economy, the Ifo economic institute said. Munich-based Ifo said on Tuesday its business climate index, based on a monthly survey of some 7,000 companies, edged up to 108.3 in August from 108.0 in July. The reading was the strongest since May. The sentiment reading exceeded the Reuters consensus forecast of 107.7 and...

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