German economic surge is still subdued
In the first quarter, German economic surge was still sluggish…
German ZEW economic sentiment suddenly goes down in December
In December, German economic sentiment suddenly dived because optimism as for the strength of the EU’s number one economy declines, as industry data revealed on Tuesday.
The ZEW Centre for Economic Research told that its index of German economic sentiment sank to 17.4 in December versus November’s outcome of 18.7. Market experts had hoped the index would soar to 18.0 in December.
As a matter of fact, a reading above 0.0 stands for optimism, while an outcome below 0.0 points to pessimism.
However, the Current Conditions Index rallied to 89.3 in December versus November’s result of 88.8. However, experts had anticipated 88.5.
Besides this in December the index of euro zone economic sentiment slumped to 29.0 versus 30.9 last month.
Following the report, the currency pair EUR/USD hit 17.83 from about 1.1784 prior to the publication. The currency pair EUR/GBP leapt to 0.8830 from 0.8820, while EUR/JPY showed 133.68 slightly gaining from 133.67 ahead of the publication.
Similar
5 important things this week will bring us!
What will move the markets this week? Find out here!
Weekly Cryptonews
Find out the most interesting events in the crypto market!
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
