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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 NOV ZEW SURVEY EXPECTATIONS -36.7 (FCST -51.0); OCT -59.2
GERMANY NOV ZEW CURRENT SITUATION -64.5 (FCST -69.3); OCT -72.2
- The German ZEW survey recorded a substantial 22.5 rebound in expectations, lifting the index to -36.7, the highest since June. Outlooks still remain in negative territory.
- The perception of the current situation also saw recovery, albeit less markedly (+7.7 to -64.5).
- According to the report, improvements were largely on the back of hopes that inflation will fall in the near future and monetary tightening will not be as severe as initially anticipated. Whether this merits the jump in outlooks is uncertain.
- October recorded a surge in inflation to +11.6% y/y (HICP). With prices yet to see any cooling, German industry will see weak demand and profit margins into year-end.
- Pessimistic outlooks regarding global demand persist, yet improvements in China's growth outlooks could provide a much-needed boost to the German export industry.
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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