Summary: ifo business climate index up in October, slightly above expectations; outlook improves but marred by scepticism; current conditions, expectations indices both improve; German, French yields rise; expectations index implies euro-zone GDP contraction of 0.7% in year to January. Following recessions in euro-zone economies in 2009/2010, the ifo Institute’s Business Climate Index largely ignored the European debt-crisis of 2010-2012, mostly posting average-to-elevated readings through to early-2020. However, the index was...