Although still on the level of optimism, investors’ sentiment in the EU are not looking good as the latest reading fell flat of analysts’ forecasts.
The Eurozone’s ZEW Economic Sentiment is at 16.8 from the previous month’s 21.5. It was expected to rise to 23.4. Similarly, the German ZEW Economic Sentiment went down to 6.4 from the previous 11.2 survey. Analysts associated the red data with the upcoming EU referendum on a possible Brexit.
The material has been provided by InstaForex Company – www.instaforex.com