- Analytics
- News and Tools
- Market News
- German ZEW Economic Sentiment Index jumps to 31.7 in November, a big beat
German ZEW Economic Sentiment Index jumps to 31.7 in November, a big beat
- German ZEW Economic Sentiment arrived at 31.7 in November, down from 22.3 previous.
- The ZEW Current Situation for Germany came in at 12.5 in November vs. 21.6 in October.
- EUR/USD extends bounce to retest 1.1600 despite mixed ZEW data.
The German ZEW headline numbers for November showed that the Economic Sentiment Index unexpectedly improved to 31.7 from 22.3 previous while beating estimates of 19.0.
Meanwhile, the Current Conditions sub-index dropped to 12.5 in November as against 21.6 recorded in the previous month and 18.0 expectations.
The Eurozone ZEW Economic Sentiment for November rose to 25.9 for the current month as compared to the 21.0 previous.
Key takeaways
“Financial market experts are more optimistic about the coming six months. “
“For Q1 2022, experts expect growth to pick up again and inflation to fall both in Germany and the Eurozone.”
FX market reaction
The euro extended its bounce from session lows of 1.1580 despite the mixed ZEW Surveys, as EUR/USD now looks to recapture 1.1600.
The spot was last seen trading at 1.1597, up 0.09% on the day.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
