NewsBreak: German ZEW Index Rises More Than Expected to -22.5

NewsBreak: German ZEW Index Rises More Than Expected to -22.5  | Sep 17, 2019 10:29

NewsBreak: German ZEW Index Rises More Than Expected to -22.5 -- Germany's ZEW economic sentiment index, the first major confidence indicator of the month in Europe, rose to -22.5 in September from a seven-year low of -44.1 in August, amid signs of progress in the U.S.-China trade dispute and the European Central Bank's monetary policy easing package last week.

  • The reading is stronger than the -38.1 forecast by economists. It's important because the ZEW index is usually seen as a better indicator of turning points in the German economy than of its overall performance.
  • The ZEW current conditions sub-index worsened to -19.9 from -13.5 in August, however.
  • EUR/USD at $1.1010 after the data, vs $1.1014 beforehand
  • DAX -0.1% on the day, little changed vs beforehand
    • German 10-year government yield -0.49%, unchanged

    Related News

    Latest comments

    Add a Comment
    Please wait a minute before you try to comment again.
    Write a reply...
    Please wait a minute before you try to comment again.

    Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

    English (USA) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
    Sign out
    Are you sure you want to sign out?
    Saving Changes


    Download the App

    More markets insights, more alerts, more ways to customize assets watchlists only on the App is better on the App!

    More content, faster quotes and charts, and a smoother experience is available only on the App.