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German Economic Sentiment continues to climb

The Zentrum fur Europaische Wirtschaftsforschung or ZEW today released its latest economic sentiment report.

The ZEW has been rising since November 2014 and today’s release continued with the same upward trend.

Today’s release printed an actual of 54.8 which was higher the the prior release of 53.0.

However it is not all smiles as today’s actual did not print a higher number than the market expectation of 58.9.

The falling price of the Euro combined with a drop off in the price of Oil has helped in turning economic sentiment and expectations to positive.

However the ongoing crisis in Ukraine and the Greek debt story is having a dampening effect on growth.

Tuesday, 17 Mar, 2015 / 5:27

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Source : http://academy.acfx.com/market-briefing-new-york-open-17-03-2015/

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