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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.
GERMAN DATA
GERMANY MAY ZEW ECONOMIC SENTIMENT +84.4; APR +70.7
GERMANY MAY CURRENT CONDITIONS -40.1; APR -48.8
- ZEW Expectations jumped 13.7pt to 84.4 in May, stronger than expected (BBG: 71.0).
- This follows a small downtick in Apr and now stands at the highest level since Feb 2000.
- The ZEW Current Conditions improved further by 8.7 to -40.1 in May, which is better than anticipated (BBG: -41.6) and the highest level since the beginning of the pandemic.
- Nevertheless, the the current conditions index remains in significantly negative territory, hence the divergence between the expectations and the current situation persists.
- Financial market experts are more optimistic as third wave is slowing down says ZEW President Achim Wambach.
- "The experts expect a significant economic upswing in the coming six months. The economic outlook for the euro area and the United States has improved considerably as well", Wambach added.
- EZ economic sentiment surged by 17.7pt to 84.0 in May, while current conditions rose sharply by 14.1pt to -51.4.
- Inflation expectations for the EZ increased 2.5pt to 77.6, with the majority of financial experts projecting inflation to rise further in the next 6 months.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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.
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