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German ZEW index decline, upbeat on outlook

Published 02/20/2018, 08:47 AM
© Reuters.  German ZEW index decline, upbeat on outlook
EWG
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FGM
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EWGS
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DBGR
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DAX
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DXGE
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HEWG
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ZDEU
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GF
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FLGR
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  • The ZEW sentiment index fell to 17.8 from 20.4 in January, against the consensus of 16.0, however Europe's largest economy is expected to improve in the next six months buoyed by record-high employment, increased job security, rising real wages and low borrowing costs.
  • The current conditions index retreats from 27-year high of 95.2 to 92.3
  • Jennifer McKeown of Capital Economics said the slightly weaker ZEW figures reflected a decline in equity prices rather than broader concerns about the economy.
  • London-based Capital Economics expects the German economy to expand by 2.7% in 2018 vs. government's more conservative forecast of 2.4%.
  • Source: Investing.com
  • ETFs: EWG, DAX, GF, DXGE, HEWG, DBGR, EWGS, FGM, QDEU, FLGR
  • Now read: Higher Yields Pushing Dollar Up


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