Germany Dec ZEW report 13 Dec
- 58.8 prev
- expectations 13.8 vs 14.0 exp vs 13.8 prev
- EZ expectations 18.1 vs 15.8 prev
Strong current headline outstripping expectations and gives the euro a little push higher but not a convincing rally as yet.
- considerable economic risks from situation in Italian banking sector as well as political risks surrounding next year's election in Europe seem to have faded for now
No time to get complacent methinks.