GERMANY MAR ZEW ECONOMIC EXPECTATIONS 13.0 (FSCT 15.0); FEB 28.1

GERMANY MAR ZEW CURRENT SITUATION -46.5 (FCST -44.3); FEB -45.1

  • The March ZEW survey of financial market experts declined sharply by 15.1 points to 13.0 on the expectations index, and edged down 1.4 points to -46.5 in the current situation assessment. These readings were slightly weaker than expected.
  • The current situation index remains in deeply pessimistic territory, whereby the March fall broke a four-month streak of improving sentiment.
  • The survey was conducted March 13-20, encompassing the post-SVB rescue period of the past week. As such, the deterioration in outlooks reflects the currently high level of uncertainty, with respondents downgrading their view on banks' earnings outlooks markedly.

GERMAN DATA: ZEW Expectations Reflect Volatile Market Backdrop

Last updated at:Mar-21 10:35By: Lucy Hager

GERMANY MAR ZEW ECONOMIC EXPECTATIONS 13.0 (FSCT 15.0); FEB 28.1

GERMANY MAR ZEW CURRENT SITUATION -46.5 (FCST -44.3); FEB -45.1

  • The March ZEW survey of financial market experts declined sharply by 15.1 points to 13.0 on the expectations index, and edged down 1.4 points to -46.5 in the current situation assessment. These readings were slightly weaker than expected.
  • The current situation index remains in deeply pessimistic territory, whereby the March fall broke a four-month streak of improving sentiment.
  • The survey was conducted March 13-20, encompassing the post-SVB rescue period of the past week. As such, the deterioration in outlooks reflects the currently high level of uncertainty, with respondents downgrading their view on banks' earnings outlooks markedly.

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