- Analytics
- News and Tools
- Market News
- German ZEW Economic Sentiment Index rebounds to 13.1 in October vs. 10 expected
German ZEW Economic Sentiment Index rebounds to 13.1 in October vs. 10 expected
- Germany’s ZEW Economic Sentiment Index improves to 13.1 in October.
- EUR/USD holds above 1.0900 after German and Eurozone ZEW surveys.
The headline German ZEW Economic Sentiment Index improved to 13.1 in October from 3.6 reported in September, beating the market consensus of 10.0.
The Current Situation Index, however, dropped to -86.9 in the tenth month of the year, as against September’s -84.5 readout. Data missed the estimates of -84.5.
The Eurozone ZEW Economic Sentiment Index came in at 20.1 in October versus the September figure of 9.3. The market forecast was 16.9.
Key points
Starting from a very poor assessment of the current situation, the economic sentiment for Germany has risen in the latest survey.
Contributing factors include the expectation of stable inflation rates and the associated prospect of further interest rate cuts by the ECB.
Positive signals are also coming from Germany’s export markets.
Economic expectations for the Eurozone, the USA, and China have also significantly improved.
The increased optimism for China is likely linked to the Chinese government’s economic stimulus measures.
These developments have probably also contributed to the rise in economic expectations for Germany.
Market reaction
The EUR/USD pair holds ground after the mixed German and Eurozone ZEW surveys. The pair is adding 0.03% on the day to trade near 1.0910, at the press time.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
