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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 ZEW JUL EXPECTATIONS -14.7 (FCST -10.6); JUN -8.5
GERMANY ZEW JUL CURRENT SITUATION -59.5 (FCST -62.0); JUN -56.5
- The July ZEW survey of financial market experts highlighted mounting concerns regarding the direction of the German economy over the next six months.
- The current conditions index declined by 3.0 points to -59.5, a less severe decrease than anticipated albeit firmly pessimistic.
- Meanwhile, outlooks worsened by 6.2 points to -14.7, implying the weakest forward-looking index since December 2022 and more-than undoing the small moderation in outlooks recorded in June.
- Higher short-term interest rates for the eurozone and US were flagged as the key driver of worsening expectations alongside anticipated weak global export demand.
- "The industrial sectors are likely to bear the brunt of the anticipated economic downturn, with profit expectations for these export-oriented industries experiencing a substantial decline once again,” commented ZEW President Professor Achim Wambach. Mounting pessimism and soft PMI order books points towards a drag on Q3/Q4 GDP.
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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