Germany: ZEW expectations index to decrease to -12.7 in October - Nomura

Analysts at Nomura expect the Germany’s ZEW expectations index to decrease to -12.7 in October after a small improvement in August.

Key Quotes

“The decline should reflect protracted concerns about trade wars. Germany’s equity market dropped in the month and German data released at the start of October disappointed the consensus on the downside, and we think all of these factors adversely affected the German financial analysts surveyed.”