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ZEW Survey Due at 1000 GMT / 1100 CET

GERMAN DATA
MNI (London)

The ZEW survey of financial market experts will likely see outlooks fall back in March due to financial market volatility.

  • Around a 13-point reduction in survey expectations to 15.0 is currently pencilled in by consensus, which would undo the February rebound and bring expectations back to just below January levels.
  • The current expectations index is seen edging up by 0.8pp to -44.3, improving for a fifth consecutive month, yet remaining deeply in pessimistic territory.
  • ZEW confirmed with MNI that the survey period was the 13th to 20th of March, as such encompassing the post-SVB rescue period of the past week.
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