Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (35832)	6/17/2008 5:17:58 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217518

German ZEW Econ Expectations Plummet In June By Nina Koeppen Of DOW JONES NEWSWIRES MANNHEIM, Germany (Dow Jones)--Sentiment among German financial analysts and institutional investors plummeted in June, hitting its lowest level since December 1992, the Center for European Economic Research, or ZEW, said Tuesday. The think tank's economic expectations index fell to -52.4 points from -41.4 points in May - below economists' forecasts of -42.0 points and also below its historical average of 29.2 points. That leaves the closely watched index even below levels seen at the height of financial turmoil in January 2008. "The expectations of the financial market analysts are strongly influenced by the current forecast of a weaker economic momentum in 2009. Against this background, it is all the more important that Germany's Federal Government keeps on the right track in its economic policy and does not jeopardize what has already been achieved," said ZEW President Wolfgang Franz. Survey participants also assessed current economic conditions as less favorable, with the corresponding indicator slipping to 37.6 points from 38.6 points in May. The data signal that economic activity in Europe's largest economy is weakening after a surprisingly strong first quarter. But that won't keep the European Central Bank from hiking interest rates in July, after the bank signaled that upside risks to inflation have increased, opening the door for a 25-basis-point interest rate hike next month to 4.25% from 4.0% currently. ZEW Web Site: zew.de