Germany July ZEW survey current conditions -68.9 vs -74.5 expected

• Prior -73.8
• Outlook 41.8 vs 42.3 expected
• Prior 47.5

Political uncertainty in France and a lack of clarity regarding the ECB’s next monetary policy steps are said to be reasons weighing on economic sentiment in the latest survey. Domestically speaking, a fall in German exports by more than expected is also contributing to the softer mood overall. That despite a better headline reading, which is still deeply negative.

This article was written by Justin Low at www.forexlive.com.