country flagالعربية
0

German investor confidence at its lowest level in six years

2018-07-10 02:20 pm | Resource: NEWS | No Views : 27



A survey by the European Economic Research Center showed on Tuesday that political uncertainty had weakened German investor confidence to its lowest level in nearly six years in July.

Germany's ZEW Economic Sentiment Index fell 8.6 points to minus 24.7 points, the lowest reading since August 2012, according to the Mannheim Research Center.

The result was well below the long-term average of 23.2 points. Economists had expected a reading below 18.5.

The current conditions index for the survey fell 8.2 points to 72.4 in July. Economists had expected a reading of 78.2. The index fell for the sixth month in a row.

"The current survey period has been characterized by considerable political uncertainty," said ZIM Wembach, the organization's president. And "in particular, the fears of an escalation of the international trade war with the United States have eased economic prospects."

The positive news about industrial output, incoming orders and the labor market has been overshadowed by the expected negative effects on foreign trade, she added.

Carsten Berzysky, an economist at ING Bank, said the German economy was not getting close to falling. "Instead, it seems to be in transition to normalizing growth," the economist said.

The euro-zone investor confidence index fell 6.1 points to 18.7 points. The current conditions index fell 3.7 points to 36.2 points.

Given the weak economic outlook for both Germany and the euro area, inflation expectations also fell significantly compared to the previous month, the institute added.


Other analysis

USDJPY Technical analysis 19 July 2018

Time frame Used - four hours The USDJPY is moving in a sideway direction in the near term The USDJPY still faces resistance around the 112.90 level   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area Accordingly, we expect that  the USDJPY will  retreat to 112.19   The alternative scenario is that the USDJPY breach…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.