Current: ZEW Index – Expectations better, current situation weaker

At -2.1, the ZEW Index (October; economic expectations) was better than expected (forecast was -13.2; previous month was -22.8).

However, the assessment of the current situation is weaker than expected. It is at -24.7 (forecast was -22.0; previous month was -25.3).

The ZEW comments: “Hopes are rising that the economic environment will improve in the foreseeable future. Optimism that the USA will not impose any punitive tariffs on EU cars.

FMW: hope dominates, but the situation is still not good. Is that a reason for rejoicing? The Dax means: yes…

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