German corporate optimism has increased in April.

With the Ifo institute's business climate index rising to 111.2 from 110.7 in March and beating consensus of 110.5. The current-situation reading and the expectations print also climbed. Meanwhile, Spain's recovery continued to firm up in Q1: the Bank of Spain expects GDP growth to have accelerated to 0.4% on quarter in Q1 from 0.2% in Q4.