The ZEW Indicator of Economic Sentiment for Germany has declined for the second consecutive time in February 2016. The index has decreased by 9.2 points compared to the previous month, now standing at 1.0 points (long-term average: 24.6 points).
“The looming slowdown of the world economy and the uncertain consequences of the falling oil price put a strain on the ZEW Indicator of Economic Sentiment. In view of these developments, the concern over an increased credit default risk has already caused stock and bond prices for many banks in Europe, Japan and the US to slump,” says Professor Sascha Steffen, head of the “International Finance and Financial Management” Research Department at ZEW.
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EUR/USD – Euro Dips Below 1.12, Markets Await German Economic Sentiment
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Craig Erlam
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