German business confidence drops as Israeli-US war continues to rattle markets

German business confidence drops as Israeli-US war continues to rattle markets German business morale has fallen in March as the Israeli-US war on Iran fuels volatility in energy and financial markets, a new survey shows. The Ifo institute’s confidence index dropped from 88.4 in February to 86.4, reflecting concerns that rising energy costs could drive inflation higher in Europe’s largest economy.