- 48.5 prev
- ZEW current conditions 9.2 vs 12 exp 13.6 prev
There was talk of weaker data prior to the release so this confirms it
EURUSD a little lower at 1.3035. low posted 1.3029
Add: ZEW survey sees EU debt crisis still weighing on Germany. Notes decline in German exports to EU and globally
ZEW president says Germany still the best of a bad EZ bunch ( ok, my translation not his ! ). He expresses concerns over Eurozone recovery and says Chinese growth and yen devaluation both create global uncertainty. As does the delay in EU banking union.
