German investor confidence at its lowest level in six years
2018-07-10 02:20 pm | Resource: NEWS | No Views : 86
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.
Time frame Used - four hours The USDJPY is moving in a sideway direction in the near term. The USDJPY is still facing resistance and selling pressure around level of 114.08 as it moves within a trading range between 114.08 as a upper boundary and 113.58 as the lower boundary of the trading range. This comes after the USD/JPY broke the lower boundary of the rising wedge as we mentioned…
- GBP/USD Technical analysis 15 November 2018 11:02 pm2018-11-14
- EUR/USD Technical analysis 15 November 2018 11:00 pm2018-11-14
- USD/JPY Technical analysis 14 November 2018 11:18 pm2018-11-13
- GBP/USD Technical analysis 14 November 2018 11:16 pm2018-11-13
- EUR/USD Technical analysis 14 November 2018 11:14 pm2018-11-13
- USD/JPY Technical analysis 12 November 2018 09:19 pm2018-11-11
- GBP/USD Technical analysis 12 November 2018 09:17 pm2018-11-11
- EUR/USD Technical analysis 12 November 2018 09:13 pm2018-11-11
- USD/JPY Technical analysis 9 November 2018 10:59 pm2018-11-08
Best trading brokers
- Euro zone manufacturing PMI widen in June, EUR /USD Slip’s 2017-07-03
- commodities Fundamental analysis aaab 2017-08-13
- Bitcoin burglars succeed in stealing 140,000 dollars of encrypted currency 2017-11-07
- job growth slowed by much more than anticipated in the month of March 2018-04-06
- Chairman Gaincarlo just made the most bullish statements in front of the Congress 2018-02-06
- Dogecoin .. Electronic currency arose as a result of irony 03:54 pm 2018-01-26
- Currency and commodity analysis for 2018 05:14 pm 2018-01-01
- Bitcoin forces Santa Claus to distribute the worst gifts to its investors on Christmas 10:04 am 2017-12-25
- Forex 09:26 am 2017-12-25
- OmiseGo .. Time for electronic financial exchanges 02:07 pm 2017-11-15