The ZEW Sentiment Index from Nimetz is performing above expectations and indicating an improvement in sentiment for the third consecutive month.
- German ZEW Economic Sentiment Actual 9.8 (Forecast 5, Previous -1.1)
- German ZEW Current Conditions Actual -79.8 (Forecast -77, Previous -79.9)
ZEW Index suggests that Germany's economic development may have reached its lowest point and is starting to recover. Centre for European Economic Research (ZEW) notes that there is a heightened economic expectation, particularly in the German industrial sector, which is now viewed with a significantly more optimistic outlook.
Daily summary: Wall Street and gold rebound 📈OIL gains 3.5%
BREAKING: US Existing Home Sales In Line With Expectations 📊Eurozone Consumer Confidence Slightly Higher
BREAKING: Canadian core retail sales well below expectations🚩USDCAD reacts
Economic calendar: US gas inventory data, Canadian retail sales