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

23 October 2026, 7:47 PM

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23 October 2026, 7:22 PM

Daily Summary: Oil at five-month highs, indices under pressure (23.10.2026)

23 October 2026, 4:31 PM

US Open: Further declines on Wall Street, Brent above 111 USD, AI correction continues (14.10.2026)

23 October 2026, 8:49 AM

BREAKING: France slows down, Germany holds on. Euro falls below 1.12

Economic reports

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