February 2016 German ZEW economic sentiment survey data 16 February 2016

  • Prior 10.2
  • Current conditions 52.3 vs 55.5 exp. Prior 59.7
  • Eurozone ZEW 13.6 vs 22.7 prior

Expectations drop to next to zero and current conditions are deteriorating rapidly

ZEW says;

  • The global economy and uncertainty over falling oil prices is weighing on expectations
  • Given these developments, concern about increased credit default risks has already pushed down share and bond prices of European banks
  • Also applies to banks in US and Japan

The euro is uninterested at 1.1180

German ZEW expectations