“German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict developments six months in advance, fell to 3.1 from 7.6 in April. Economists expected a drop to 4.5, according to the median of 31 estimates in a Bloomberg News survey.
Germany’s benchmark DAX share index has lost 3 percent this month as investors fret about Europe’s fiscal crisis and whether Greece will need a bigger bailout from its euro-area partners. While the German economy, Europe’s largest, expanded a more- than-forecast 1.5 percent in the first quarter, faster inflation may curb growth and prompt further interest-rate increases from the European Central Bank.”
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Actually ZEW was stronger are current view, its only super weak on the furture over a slowing china. EUR/USD is exactly where I left it when I went to sleep so not much of mover over this mixed data.
You do not miss a beat!