German business confidence rises in April: Ifo

FRANKFURT, Apr 24 (AFP): German business confidence rebounded this month after a slight fall in March in Europe's biggest economy when companies worried about the Crimea crisis.

The Ifo economic institute's closely watched business climate index rose to 111.2 points in April against 110.7 the month before, beating market expectations.

Analysts polled by Dow Jones Newswires had predicted a slight decline to 110.5 points.

Christian Schulz of Berenberg Bank said the data showed German businesses had shrugged off their worst fears over a military escalation in the Ukraine-Russia crisis.