Germany ZEW Economic Sentiment Turns Positive to 10.5 in June
Germany's ZEW Economic Sentiment index rebounded to 10.5 in June, moving into positive territory after a negative reading in May, sharply beating the expected -6.0.
The ZEW Indicator of Economic Sentiment for Germany rose to 10.5 in June, shifting from negative territory in May to positive. The market had anticipated a reading of -6.0, making the actual figure a significant upside surprise.
The improvement suggests growing optimism among financial analysts about Germany's economic outlook over the next six months. The previous month's reading was negative, indicating that sentiment has reversed course.
This data point is closely watched by forex and macro traders as it can influence expectations for the euro and German bund yields.
Source: FXStreet Forex News