wrapper

Economic Sentiment down both for Germany and Eurozone

Tuesday, Jan 19 2016
The ZEW Indicator of Economic Sentiment for Germany has declined in January 2016. The index has decreased by 5.9 points compared to the previous month, now standing at 10.2 points (long-term average: 24.7 points). Analysts were expecting even larger decline. The indicator has declined for the first time following two consecutive increases.
 "The beginning of the new year is characterised by capital market turmoil in China, which has also led to significant share price declines in Germany. As in the previous year, weak economic growth in China and other important emerging markets puts a strain on Germany's economic outlook," says Professor Sascha Steffen, head of the "International Finance and Financial Management" Research Department at ZEW.
 
Financial market experts' sentiment concerning the economic development of the Eurozone has weakened. ZEW’s Indicator of Economic Sentiment for the Eurozone has decreased by 11.2 points to a reading of 22.7 points. Gaining 2.1 points in January 2016, the indicator for the current situation in the euro area has climbed to a value of minus 7.5 points.
 
Euro is currently being traded around 1.0870 area. Pair is likely to find support around 1.0850 handle and resistance above 1.0930 level. There will be no major data releases in the rest of the session.
More in this category: « UK CPI increased by 0.2% Carney says there is no timetable for rate hike »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.