-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessGermany ZEW Survey: Details Of Analysts' Economic Sentiment
Release for: April 2018
Survey among 210 analysts between April 3 and April 16, 2018
Source: Center for European Economic Research. ZEW
*Change in Level From Previous Month
Good Normal Bad Balance
Level Chg Level Chg Level Chg Level Chg
-------------------------------------------------------------------
Current economy
Eurozone 59.6 0.6 38.5 0.3 1.9 -0.9 57.7 1.5
Germany 88.4 -2.8 11.1 2.8 0.5 0.0 87.9 -2.8
United States 80.1 2.5 19.4 -2.5 0.5 0.0 79.6 2.5
Japan 30.1 -1.2 67.9 1.7 2.0 -0.5 28.1 -0.7
United Kingdom 13.3 -0.4 74.4 2.7 12.3 -2.3 1.0 1.9
France 34.8 0.5 60.1 -0.3 5.1 -0.2 29.7 0.7
Italy 10.1 2.7 65.8 -0.7 24.1 -2.0 -14.0 4.7
Improve Unchanged Worse Balance
Level Chg Level Chg Level Chg Level Chg
--------------------------------------------------------------------------
Economic expectations
Eurozone 19.2 -4.8 63.5 - 1.9 17.3 6.7 1.9 -11.5
Germany 11.6 -6.4 68.6 -0.5 19.8 6.9 -8.2 -13.3
United States 16.0 -6.3 64.7 -2.4 19.3 8.7 -3.3 -15.0
Japan 12.5 0.2 78.1 -2.7 9.4 2.5 3.1 -2.3
United Kingdom 6.6 3.2 42.1 -3.5 51.3 0.3 -44.7 2.9
France 23.1 -6.5 62.8 -1.3 14.1 7.8 9.0 -14.3
Italy 13.3 1.0 60.7 -9.3 26.0 8.3 -12.7 -7.3
Rise Unchanged Decline Balance
Level Chg Level Chg Level Chg Level Chg
------------------------------------------------------------------------------
CPI
Eurozone 51.7 -5.2 47.3 7.0 1.0 -1.8 50.7 -3.4
Germany 55.0 -6.6 44.0 8.8 1.0 -2.2 54.0 -4.4
United States 74.9 1.6 24.1 -1.7 1.0 0.1 73.9 1.5
Japan 24.7 -5.8 74.3 6.3 1.0 -0.5 23.7 -5.3
United Kingdom 56.7 4.2 32.0 -5.4 11.3 1.2 45.4 3.0
France 50.0 -5.4 48.0 5.4 2.0 0.0 48.0 -5.4
Italy 47.4 -2.1 50.0 3.0 2.6 -0.9 44.8 -1.2
Short-term interest rates
Eurozone 17.5 2.3 82.0 -2.3 0.5 0.0 17.0 2.3
United States 91.7 2.5 7.8 -2.5 0.5 0.0 91.2 2.5
Japan 10.0 4.0 89.5 -4.5 0.5 0.5 9.5 3.5
United Kingdom 59.7 6.6 35.1 -8.3 5.2 1.7 54.5 4.9
Long-term interest rates
Germany 70.7 2.8 28.8 -1.9 0.5 -0.9 70.2 3.7
United States 81.1 2.1 18.9 -1.2 0.0 -0.9 81.1 3.0
Japan 25.8 -0.0 73.7 0.0 0.5 0.0 25.3 0.0
United Kingdom 69.4 4.1 28.0 -4.2 2.6 0.1 66.8 4.0
Stock market prices
Eurozone 55.2 -1.0 33.3 1.8 11.5 -0.8 43.7 -0.2
Germany(DAX) 57.1 -2.5 31.9 6.8 11.0 -4.3 46.1 1.8
Germany(NEMAX50) 54.9 -1.8 33.7 4.5 11.4 -2.7 43.5 0.9
United States 47.0 - 4.8 38.0 9.1 15.0 -4.3 32.0 -0.5
Japan 45.2 -5.1 44.6 7.7 10.2 -2.6 35.0 -2.5
United Kingdom 30.4 -0.0 42.7 6.3 26.9 -6.3 3.5 6.3
France 45.8 -8.0 42.9 10.8 11.3 -2.8 34.5 -5.2
Italy 36.2 -3.1 45.4 9.3 18.4 -6.2 17.8 3.1
Appreciation Unchanged Depreciation Balance
Exchange rates
vs euro(1) Level Chg Level Chg Level Chg Level Chg
--------------------------------------------------------------------
US Dollar 46.7 2.0 32.8 -0.2 20.5 -1.8 26.2 3.8
Yen 12.2 -3.3 77.7 4.0 10.1 -0.7 2.1 -2.6
British Pound 10.7 0.6 48.9 5.0 40.4 -5.6 -29.7 6.2
Swiss Franc 11.0 -2.7 76.0 3.3 13.0 -0.6 -2.0 -2.1
Crude oil prices 22.8 4.2 56.6 -7.9 20.6 3.7 2.2 0.5
Improve Unchanged Worse Balance
Level Chg Level Chg Level Chg Level Chg
--------------------------------------------------------------------------
Germany Sectors
Banks 29.3 -1.6 48.3 2.4 22.4 -0.8 6.9 -0.8
Insurances 23.6 -6.4 56.3 9.3 20.1 -2.9 3.5 -3.5
Vehicle industry 17.9 0.5 60.7 1.5 21.4 -2.0 -3.5 2.5
Chemical ind. 34.9 0.2 59.3 -2.2 5.8 2.0 29.1 -1.8
Steel industry 15.7 2.5 60.5 10.2 23.8 -12.7 -8.1 15.2
Electrical ind. 20.6 -11.7 74.1 10.8 5.3 0.9 15.3 -12.6
Machinery ind. 39.0 -9.0 53.3 7.4 7.7 1.6 31.3 -10.6
Consumer gds/retail 52.9 -0.4 41.9 0.1 5.2 0.3 47.7 -0.7
Construction 58.2 -0.6 36.6 -0.2 5.2 0.8 53.0 -1.4
Utilities 18.1 -7.9 73.8 9.2 8.1 -1.3 10.0 -6.6
Service Sector 38.4 1.4 58.7 -2.6 2.9 1.2 35.5 0.2
Telecommunication 19.3 -3.3 76.0 3.6 4.7 -0.3 14.6 -3.0
Info Technology 56.7 -1.6 42.1 3.2 1.2 -1.6 55.5 0.0
--------------------------------------------------------------------------
negative balance indicates an expected depreciation and the currency vs
the euro. A positive an appreciation
[TOPICS: MTABLE,MAGDT$,M$E$$$,M$G$$$,M$X$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.