- 36.3 prev
- ZEW current conditions May 8.9 vs 10.00 exp 9.2 prev
Weaker than expected EURUSD lower at 1.2987
Finding a few bids though as EZ ind prod better than expected
ZEW president says:
- Eurozone economic situation still “poor”
- situation reflected by interest rate cut
The survey shows 77.4% of respondents not expecting a further cut in short-term rates in the next 6 months