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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 JUL ZEW ECONOMIC SENTIMENT +63.3; JUN +79.8
GERMANY JUL CURRENT CONDITIONS 21.9; JUN -9.1
- ZEW Expectations dropped 16.5pt to 63.3 in Jul, coming in weaker than expected (BBG: 75.0), although remaining at a very high historical level, according to the report.
- The ZEW Current Conditions jumped 31.0pt to 21.9 in Jul, outpacing market forecasts (BBG: +5) and showing the first positive reading in two years.
- "The economic development continues to normalise. In the meantime, the situation indicator for Germany has clearly overcome the coronavirus-related decline", said s ZEW President Professor Achim Wambach.
- "The financial market experts therefore expect the overall economic situation to be extraordinarily positive in the coming six months.", he added.
- EZ economic sentiment dropped 20.1pt to 61.2 in Jul, while current conditions surged 30.4pt to 6.0.
- Inflation expectations for the EZ declined 10pt, although 75% of experts still expect prices to rise 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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