German ZEW Economic Sentiment Index (May) -10.2 vs. Exp. -20.5 (Prev. -17.2, Low. -35.0, High. -10)
The German ZEW Economic Sentiment Index printed at -10.2, significantly beating expectations of -20.5, indicating a less pessimistic outlook among investors.
Iran’s ambassador to China says Tehran views its strategic partnership with China as key to countering US pressure and advancing demands for a lasting ceasefire, IRNA reports
UK sells GBP 4bln 4.125% 2031 Gilt: b/c 3.36x (prev. 3.33x), average yield 4.651% (prev. 4.228%), tail 0.2bps (prev. 0.3bps)
German ZEW Economic Sentiment Index (May) -10.2 vs. Exp. -20.5 (Prev. -17.2, Low. -35.0, High. -10)
China has reportedly raised fuel surcharge for domestic flight from May 16th
US President Trump to confront Chinese President Xi at the upcoming summit over China's backing of Iran and Russia, Fox News reports
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This improvement may reflect growing confidence in the German economy, which could have positive implications for both the Euro and broader market sentiment going forward, potentially influencing ECB policy considerations.
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