June 2015 German ZEW economic sentiment date report 16 June 2015

  • Prior 41.9
  • Current conditions 62.9 vs 63.0 exp. Prior 65.7

Stinky stinky from the Germans

Zew's Fuest says;

  • External factors are reducing the scope for further improvement of Germany's good economic situation
  • These include the ongoing situation in Greece and the restrained dynamic of the global economy
  • Market expert sentiment concerning the economic development of the Eurozone is declining

EURUSD falls to 1.1251

What is important about this sentiment indicator is that it flies in the face of the ECB members and government heads who have been proclaiming a recovery. Someone's telling porkies

German Zew