German Dec ZEW economic sentiment index up sharply to +6.9 (exp -12.0) from -15.7 in Nov

Author: Pete Jackson | Category: News

German Dec ZEW current conditions rises to 5.7 from 5.4 in November (expected 5.0)

First move  on the economic sentiment into  a positive reading since May this year, with ZEW stating positive US economic data may have been a major contributor

ZEW:  Germany won’t have to face a recession, but cooling down of economic activity will last until the new year, Economy likely to bottom out rather than experience an upswing  within the next 6 mths. More than 3/4 of anlaysts now  expect no change from ECB on rates over the next 6 months

EUR/USD lifted to session/day’s highs of 1.2976 on the strong reading