The DE ZEW Economic Sentiment Index results where just released. The announcement is expected to affect the following instruments for the next few hours:
Due to the increased volatility in the market around this news event we would advise that you review any open positions in the market.
These statistics are based on the past 12 DE ZEW Economic Sentiment Index events, in which these instruments were all affected
Why this event matters:
In Germany, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about current economic situation and expected economic developments for the next 6 months. The survey covers up to 350 experts from banks, insurance companies and financial departments of selected corporations.Participants are asked about their six-months expectations concerning the economy, inflation rates, interest rates, stock markets and exchange rates. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. The ZEW indicator measures the confidence on a scale of -100 (all analysts are unhappy with the current developments and expect the conditions to deteriorate) up to 100 (all analysts are satisfied with the current situation and expect it to improve). A 0 value indicates neutrality.
Disclaimer: Past performance may not be indicative of future performance