EU ZEW Economic Sentiment Index (Feb) 39.4 vs. Exp. 45.2 (Prev. 40.8)
The EU ZEW Economic Sentiment Index came in significantly lower than expected, indicating a potential weakening in economic optimism compared to prior readings.
[MARKET ANALYSIS] WTI and Brent rangebound with geopols in focus
UK sells GBP 500mln 0.125% 2028 Gilt via Tender: b/c 4.05x (prev. 3.77x), average yield 3.336% (prev. 3.443%), tail 0.7bps (prev. 0.6bps)
EU ZEW Economic Sentiment Index (Feb) 39.4 vs. Exp. 45.2 (Prev. 40.8)
Iranian Supreme Leader Khamenei says, in relation to the US, "The strongest army in the world may sometimes be slapped so hard that it cannot get up."
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This miss could suggest a more cautious outlook for growth in the Eurozone, potentially impacting ECB policy considerations moving forward, especially regarding interest rates and market sentiment.
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