German ZEW survey: Expected to show deterioration - Rabobank

FXStreet (Delhi) – Research Team at Rabobank, suggest that amidst the recent market volatility and global headwinds, the German ZEW survey is expected to show deterioration in the confidence in the German economy.

Key Quotes

“Ongoing concerns about global growth, particularly in China, as well as a looming Fed hike –even if the central bank decides to hold on to its cards this week, as we fully expect– will probably depress the ZEW’s forward looking component.”

“Indeed, expectations – which are defined as the outlook for the coming six months– are seen dropping to 18.3, down from 25 a month ago.”