German ZEW economic research institute release a new set of its economic sentiment indices at 10:00 am GMT today. Data for March was expected to show an improvement in the headline Economic Sentiment index, with Current Conditions index deteriorating slightly.
Actual data turned out to be a positive surprise with headline Economic Sentiment index jumping from 19.9 to 31.7 and Current Conditions index improving from -81.7 to -80.5. EUR gained in a knee-jerk reaction following the release, but scale of the move was rather limited. European indices were little changed after the reading.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือZEW institute said in a commentary to the release that economic expectations for Germany are significantly improving and that over 80% of survey respondents expect ECB to cut rates in the next 6 months. Nevertheless, assessment of the economic situation remains at a very low level.
German ZEW indices for March
- Economic Sentiment: 31.7 vs 20.5 expected (19.9 previously)
- Current Conditions: -80.5 vs -82.0 expected (-81.7 previously)
Source: xStation5
