German Dec ZEW current conditions rises to 5.7 from 5.4 in November (expected 5.0)
First move on the economic sentiment into a positive reading since May this year, with ZEW stating positive US economic data may have been a major contributor
ZEW: Germany won’t have to face a recession, but cooling down of economic activity will last until the new year, Economy likely to bottom out rather than experience an upswing within the next 6 mths. More than 3/4 of anlaysts now expect no change from ECB on rates over the next 6 months
EUR/USD lifted to session/day’s highs of 1.2976 on the strong reading
