German Economic Sentiment Slips in August

The mood among German investors worsened for the third consecutive month in August, a survey showed on Tuesday, suggesting that markets expect Europe’s biggest economy to lose some momentum in the coming months.The Mannheim-based ZEW research institute said its monthly survey showed its economic sentiment index fell to 10.0 from 17.5 in July. This undershot a Reuters consensus forecast for a fall to 15.0.A separate gauge measuring investors’ assessment of the economy’s current conditions edged up to 86.7 from 86.4 last month. This compared with the Reuters consensus forecast predicting a dip to 85.5.

Source: German investor morale falls more than expected in August

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.