20/5/2008 - The Current Market Sentient |
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The single currency has found support today from the unexpected rise of the germane ZEW current conditions index to 38.6 in May from 33.2 in April. May germane ZEW has declined slightly to -41.7 from -40.7 in April. Also the Germane PPI of April has risen to 5.2% y/y from 4.2% in March and monthly by 1.1% from just .5% in March. The data show a strong inflation pressure at the producing level which can transfer to the consuming level. Currently, the EU is suffering growth slow down and strong
Filed under: Technical
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