The financial market experts’ sentiment concerning the economic development of the eurozone slightly decreases in June and currently stands at -10.0 points, 0.6 points below the previous month’s value. The situation indicator for the eurozone decreased, dropping 14.4 points to a new reading of -41.9 points, ZEW said in a press release.
Experts’ expectations for monetary policy reveal diverging trends for the eurozone and the US. The balance for short-term interest rates in the eurozone stands at 72.3 points, indicating an anticipated further increase in interest rates. Conversely, experts foresee no change in short-term interest rates for the USA, as indicated by a balance of 16.6 points.
“The ZEW Indicator of Economic Sentiment shows a slight improvement, but it remains in negative territory. This means that experts do not anticipate an improvement in the economic situation during the second half of the year. Particularly, sectors focused on exports are likely to perform poorly due to a weak global economy. However, the current recession is generally not considered particularly alarming,” commented ZEW president professor Achim Wambach.
ALCHEMPro News Desk (NB)
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