At least the economic sentiment is improving in Europe - Forex News by FX Leaders

At least the economic sentiment is improving in Europe

Posted Tuesday, June 21, 2016 by
Skerdian Meta • 1 min read

The German and the Eurozone ZEW economic sentiment indicator numbers for May were today released and they showed an improvement. I can´t explain what ZEW stands for but it´s some long and complicated German words, as they usually are. Anyway, the german ZEW indicator jumped to 19.2 from 6.4 in April which is a huge jump and the European ZEW indicator came out at 20.2 from 16.8 in the previous month. This indicator is a survey of the institutional investors and analysts who know the shape of the economy very well. This indicator is not a market mover but it shows the trend for the months to come and by the look of it, it looks like the Eurozone economy will pick up, which is a good thing. 

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