Germany Dec ZEW survey data now out 12 Dec

  • 88.8 prev
  • expectations 17.4 vs 18.0 exp vs 18.7 prev
  • EZ expectations 29.0 vs 30.9 prev

Better current vs soggier expectations. EURUSD collapses from 1.1783 to 1.1776 ( all relative you know!) EURGBP higher though at 0.8832 as pound gets another reality check.

Says ZEW;

  • fin market experts expect negative effects from govt formation, Brexit and EU reforms
  • outlook still remains positive for next 6 months

This survey summarizes the net percentage of positive and negative responses regarding the expectations for economic growth in the next 6 months, as given by financial analysts from banks, insurance companies and large industrial enterprises.

E.G. if 50% believe that the economic situation will improve and 20% believe it will get worse, the result will be +30.
The survey deals with the markets of Germany, the USA, Japan, Great Britain, France, Italy and other EU countries.