9:01 AM · 11 July 2023

BREAKING: ZEW expectations significantly lower. DE30 erases gains

ZEW expectations for July: -14.7. Expected: -10; Previously: -8.5

Investors sentiment for July in Germany based on ZEW survey is much lower than expected. Definitely worse sentiments were recorded in the automotive, chemical and steel sectors. The situation in services remains good. In response to this data DE30 reverses previous increases and is already priced below the 100 DMA.

Source: xStation5

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