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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 MAY ZEW CURRENT SITUATION -34.8 (FCST -37); APR -32.5
GERMANY MAY ZEW EXPECTATIONS -10.7 (FCST -5); APR 4.1
- The ZEW survey of deteriorated for a third consecutive month in May, with the expectations index falling a marked 14.8 points -10.7, outpacing consensus expectations of an approx. nine-point slide.
- ZEW expectations re-entered negative territory for the first time since December 2022, implying German financial market experts expect a worsening of economic conditions over the next six months, with a mild recession again on the table.
- Higher interest rates and a potential US default were flagged as key concerns.
- The ZEW German current sentiment index also faltered in May, declining 2.3 points to -34.8, albeit proving more robust than consensus expectations.
- The IFO index due next week will give more colour as to whether German sentiment is weakening outside the financial sector.
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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