Germany December ZEW survey current conditions -81.0 vs -80.0 expected

• Prior -78.7
• Economic sentiment 45.8 vs 38.7 expected
• Prior 38.5

The current conditions index might show a slight decline but there is a major beat on the expectations outlook. So, that really outweighs the headline reading here. ZEW notes that expectations have become more positive and that chances for a recovery of the economy are looking good, which is being reflected in the sentiment among investors. The key boon of course being a more expansive fiscal policy, which is expected to provide new momentum to the German economy.

That’s a positive note at least but nothing that will get the ECB moving just yet as German price pressures remain a key sticking point. EUR/USD remains little changed on the day at 1.1757 currently.

This article was written by Justin Low at investinglive.com.