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German, Eurozone ZEW Surveys Better than Expected Overall
THE TAKEAWAY: ZEW survey mixed, but better on the whole -> markets remain focused on Fed policy decision The ZEW survey out of Germany today showed improving economic sentiment in Germany and the Eurozone during January. The lone weak area in the survey was the current situation category, which was slightly weaker than expected in Germany. The survey said economic expectations are positive for the second month in a row, and credited to improvement to strong German industrial production. Moreover, the ZEW institute said there is no chance of a recession in Germany, and that positive surprises are more likely. The Euro was unmoved by the news, and markets remain focused on US retail sales data set for release during today’s North American session.
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