-11122024742.png)
-11122024742.png)
Economic Sentiment in Germany Is Improving but Slowly
Fresh business sentiment assessments from ZEW saw the sentiment index rise from 9.8 to 12.8, a positive surprise for analysts who had anticipated a slight decline to 9.6. The current optimism level is the highest since March this year but below the long-term average of 20.8.
Some signs of a reversal can be found in the assessment of current conditions. The corresponding index has risen to -77.1 after -79.9 and -79.8 in the past two months. This is a retreat from a cyclical low but is still at the depressed-low levels seen in early 2020 and 2009.
Wholesale prices fell 0.2% in November after falling 0.7% a month earlier and -3.6% y/y. Negative annual inflation rates over the past eight months have helped to reduce inflationary pressures, allowing the ECB to turn its rhetoric towards greater softness and willingness to cut rates earlier than previously expected.
By the FxPro Analyst Team
Why is EURUSD falling even though the Fed has softened its rhetoric?
France’s Political Turmoil and Trump’s Grip on the Fed Increase FX Volatility
Are Bullish Shares Disconnected from Underlying Fundamentals?
Equities rebound ahead of Nvidia earnings, dollar also firms
Gold Surges Amid Mounting Global Risks
EBC Markets Briefing | Sterling eases but looks robust
Leading altcoins are once again attempting to pull the crypto market upwards
