• 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