BREAKING: German ZEW with huge miss. Sentiments across German economy worsens 📉

German ZEW economic sentiments came in 3.6 vs 17 exp. and 19.4 previously

Current conditions: -84 vs -80 exp. and -77.3 previously
Expectations: 9.3 vs 17.9 previously

EURUSD drops after a huge miss in ZEW sentiment data signalling further weakening and downside risks across the German economy, where structural problems will persist despite ECB rate cuts. Much weaker sentiments may point to recessionary and even deflationary impulses in the biggest, European economy.

Source: xStation5

Source: ZEW Zentrum, XTB Research, Macrobond

20 February 2026, 18:46

Daily Summary: The Supreme Court halts Trump's tariffs; but for how long?

20 February 2026, 17:39

Trump will hold a press briefing on the Supreme Court's tariff decision in 12 minutes 💡

20 February 2026, 16:12

Disappointment for Trump, Resilience for Everyone Else: The Truth About US GDP 🇺🇸

20 February 2026, 15:13

BREAKING: TRUMP’S GLOBAL TARIFFS STRUCK DOWN BY US SUPREME COURT 🚨🏛️

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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