🇪🇺 Eurozone sentiment bounced hard in May, but German inflation at 2.9% has the ECB eyeing hikes into an economy where the current-conditions gauge sits near recessionary lows
🇪🇺 Eurozone sentiment bounced hard in May, but German inflation at 2.9% has the ECB eyeing hikes into an economy where the current-conditions gauge sits near recessionary lows
Eurozone ZEW expectations came in at -9.1 in May, beating a consensus of -21.6, but German CPI accelerated to +2.9% YoY in April. The ECB is now priced for two 25bp hikes by September while current-conditions indicators sit near recessionary lows.
Germany's ZEW sentiment rebounded to -10.2 in May, beating forecasts and signaling easing investor pessimism even as inflation holds steady at 2.9%. Source
