- The Zew economic feeling index of Germany bounced 25.2 in May.
- The EUR/USD consolidates the recovery profits above 1,1100 after the ZEW surveys of Germany and the Eurozone.
The Zew economic feeling index of Germany bounced 25.2 in May from -14 in April, widely exceeding the market consensus of 11.9.
The current situation index decreased slightly to -82 in the same period, compared to the reading of April -81.2. The data exceeded the estimate of -77.
The ZEW Economic Feeling Index of the Eurozone stood at 11.6 in May from -18.5 in April. Market expectations were -3.5.
Key points
- Expectations are improving.
- With a new government instead, some advances in tariff disputes and an inflation rate stabilizing, optimism has increased.
- Perspectives have improved in particular for bank, automotive, chemical, metallurgical, machinery and steel sectors.
Market reaction
He EUR/USD defends profits after the Zew mixed surveys in Germany and EUROZONA The torque is adding 0.17% in the day to quote about 1,1105, at the time of writing.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
