German ZEW economic sentiment drops to -22.5 in Sept, beats estimates – EUR/USD stays above 1.10

The German ZEW headline numbers for September showed that the economic sentiment index came in at -22.5 versus -37.0 expectations and -44.1 last. Whil  |  17/09/2019 09:01

The German ZEW headline numbers for September showed that the economic sentiment index came in at -22.5 versus -37.0 expectations and -44.1 last. While the sub-index current conditions figure dropped to -19.9 in August versus -15.0 expected and -13.5 booked previously.

ZEW President Professor Achim Wambach noted: “The rise of the ZEW Indicator of Economic Sentiment is by no means an all-clear concerning the development of the German economy in the next six months. The outlook remains negative. However, the rather strong fears that financial experts had in the previous month regarding a further intensification of the trade conflict between the USA and China did not come true. And there is still hope that a no-deal Brexit can be avoided. In addition, the European Central Bank is attempting to reduce the economic risks in the eurozone by further easing its monetary policy.”

Meanwhile, the Eurozone ZEW economic sentiment for September arrived at -22.4 vs. -32.2 expected and -43.6 last.

The shared currency turned slightly lower on mixed German and Eurozone ZEW surveys, with EUR/USD off the highs in familiar range just ahead of the 1.10 handle.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for Market Insight viewers

Back

Login to Market Insight Account

Your Market Insight account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

Create a Market Insight's Account

Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to Market Insight family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@marketinsight.com