ZEW expectations index

More Brexit Confusion, Brighter Data, and an FOMC Meeting

March 19, 2019

The dollar stayed in neutral gear overnight, dipping 0.1% against the euro, sterling, and kiwi, holding flat relative to the yen, yuan and Swiss franc, and nudging up 0.1% vis-a-vis the Aussie dollar. Slightly bigger dollar dips occurred of 0.4% relative to the loonie and 0.2% versus the Mexican peso. Asian stock markets likewise didn’t […] More

Post-Election Market Moves Trimmed a Bit

November 15, 2016

Sovereign debt yields and the dollar eased this Tuesday, one week after the U.S. election. Oil and gold rebounded. Stocks are mixed. Euroland GDP, British consumer prices, and Reserve Bank of Australia minutes were released. The German ZEW Institute’s monthly index of investor sentiment reflected a drop after the U.S. election. One Fed official, Lacker, […] More

Concerns about Europe

February 16, 2016

European markets had rallied Monday, spurred by upbeat remarks from ECB President Draghi regarding the economic outlook and the readiness of central ban policymakers to act further to stimulate growth and boost inflation closer to target.  But Tuesday saw a return of risk aversion related to concerns about the health of European banks and the […] More

Point of No Greek Return Moved to Friday

February 17, 2015

Neither Greek officials nor their creditors have budged.  The creditors want an extension of the bailout under existing terms, while Greece wants a bridge loan with new terms.  The Greek side walked out of today’s discussions, calling the other side’s proposal unacceptable and absurd.  The creditors are giving Greece until Friday to reconsider.  Otherwise, Greece […] More

Weak German and New Zealand Data and Confusion about Ukraine

August 12, 2014

The dollar advanced 0.3% against the euro and Swiss franc, buoyed by ZEW Institute data that revealed an 18.5-point plunge in investor expectations toward Germany to a reading of 8.6 in August, which is down from 61.7 last January, the lowest score since end-2012, and 18 points below the long-term average.  The German ZEW index […] More

Less Concern about China and Europe –> Risk On

January 17, 2012

Chinese growth slowed less sharply than feared last quarter.  December industrial production and retail sales also eclipsed expectations. The ZEW Institute released much better-than-forecast measures of investor sentiment toward Germany and the euro area. British and Euroland consumer price inflation slowed last month. Like other recent sovereign debt auctions in Europe, Spain’s sales of 1-year […] More