9:17 AM · 15 August 2023

DE30 fails to react to mixed ZEW data!

ZEW institute index for August (expectations) (Current: -12.3. Forecast: -14.5. Previously: -14.7)

Current conditions: -71.3 versus expectations of -63.0.

As the ZEW economists add, economic sentiment is improving, although the index remains in negative territory throughout. The end of the year, according to the economists, may bring more improvement in sentiment, but this will be mainly from the base effect of very weak sentiment now. Survey respondents no longer expect further interest rate rises by the FED and the ECB. DE30 is not reacting to the ZEW data reading.

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BREAKING: Swiss national bank holds the rates! ↔️

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