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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 JUN ZEW CURRENT SITUATION -56.5 (FCST -40.2); MAY -34.8
GERMANY JUN ZEW EXPECTATIONS -8.5 (FCST -13.5); MAY -10.7
- The German ZEW survey of financial market experts highlighted a stark divergence between current and future economic situation assessments in the June report.
- The Expectations index improved by 2.2 points to -8.5, against expectations of close to a three-point decline. Meanwhile Current conditions dove 21.7 points to -56.5, the lowest since January (consensus had been looking for a more moderate reduction around 6.5 points).
- According to ZEW President Wambach, "experts do not anticipate an improvement in the economic situation during the second half of the year."
- Export sector weakness was flagged as a concern for H2, whilst the current recession was considered "not particularly alarming".
- The report provides little clarity on grounds for the sharp fall in current situations, but reiterates expectations of further ECB rate hikes which alongside muted growth outlooks indicate a stagnant outlook for the German economy.
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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