Germany: Mixed signs of relief from ZEW data – TDS

According to analysts at TD Securities, German ZEW sentiment offered mixed signs of relief, with the Current Situation Index sliding further to 27.6 (mkt: 43.0) vs 45.3 while Expectations improved marginally to -15.0 (mkt: -18.5) vs -17.5.

Key Quotes

“Attention now turns to the German PMIs on Thursday where we expect a partial rebound, offering further signs that the past underperformance was largely a result of temporary factors.”