Current: ZEW Index extremely weak! Concerns about the escalation of the trade war

At -24.7, the german ZEW Index (Economic Sentiment for July) was significantly weaker than expected anyway (forecast was -18.0; previous month was -16.1).

The ZEW Index’s assessment of the current situation is also significantly weaker at 72.4 (forecast was 78.0; previous month was 80.6).

According to ZEW, this is yet another reason for fears of another escalating trade war!

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