German Ifo business confidence index hits 2.5-year high

German business confidence hit the highest level for more than two and a half years in February, as the outlook for Europe's biggest economy continues to hold up, data showed on Monday. The Ifo economic institute's closely watched business climate index climbed to 111.3 points this month, the highest level since July 2011. "The German economy is holding its own in a changeable global climate ...