BREAKING: Mixed Germany ZEW index reading! Much lower expectations

Germany, ZEW sentiments index for September. Currently: -11.4 Expected: -15 Previously: -12,3
Current conditions: Currently: -79.4 Expected: -75 Previously: -71,3
Expectations Index: Currently: -8.9 Previously: -5,5

Data from the German ZEW index for September shows us a slightly better than expected investors and analysts sentiments but ZEW indicator is still in negative territory and current conditions are deteriorating all the time, which also goes hand in hand with expectations themselves.

ZEW economists are now even more pessimistic about current economic conditions in Germany than they were back in August 2023. On the other hand, however, these expectations are likely to rise over the next six months due to the positive narrative of easing monetary conditions in the world's major economies (Eurozone, US, China), ZEW reported.

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📈 EURUSD up 0.4% before the NFP

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