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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.
GERMAN DATA
MNI (London)
GERMANY APR ZEW EXPECTATIONS 4.1 (FCST 15.6); MAR 13.0
GERMANY APR ZEW CURRENT SITUATION -32.5 (FCST -40); MAR -46.5
- ZEW German economic sentiment deteriorated for a second month in April, falling 8.9 points to +4.1, against consensus expectations of a 2.6-point uptick. Expectations took a substantial hit in April, implying that no significant improvement is anticipated for the German economy in the next six months.
- The survey of financial market experts found increased caution regarding lending, whilst high inflation rates and interest rates continue to weigh on growth.
- In contrast, the current situation index jumped 14 points to -32.5 in April, beating expectations albeit remaining firmly in pessimistic territory.
- The boost to current sentiment largely signalled alleviated concerns about a possible financial market crisis, following the sharp March decline fuelled by banking-sector turbulence including the SVB collapse.
- German Q1 flash GDP is due next week, which may well see the eurozone's largest economy dip into recession following the Q4 contraction.
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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