Latest data released by ZEW - 21 January 2020
- Prior -19.9
- Expectations 26.7 vs 15.0 expected
- Prior 10.7
- Eurozone expectations 25.6
- Prior 11.2
Slight delay in the release by the source. That is a decent increase in current conditions as sentiment surrounding the outlook also improves significantly.
ZEW notes that the jump is mainly due to the US-China trade deal, giving rise to hope that the negative effects from trade on the German economy will be less pronounced.
That said, the think tank notes that growth in the country and region is still expected to remain below average despite the improved outlook.
The euro has climbed a little on the back of the report here with EUR/USD seen at 1.1100 now but is little changed - 14 pips range so far today.
