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The euro zone's ZEW index has an impact on crude oil

The euro zone's ZEW index has an impact on crude oil

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ZEW economic sentiment index is located in Germany Mannheim, a German company -- the European Economic Research Center (ZEW) per month to 350 financial experts investigation concluded on medium-term economic situation in Germany is expected to. He asked experts to assess the current environment and predict the future direction of the economy. Respondents only need to answer "optimistic", "pessimistic" or "unchanged", which makes the report easy to be statistical and easy to understand.
ZEW economic sentiment index is located in Germany Mannheim, a German company -- the European Economic Research Center (ZEW) per month to 350 financial experts investigation concluded on medium-term economic situation in Germany is expected to. He asked experts to assess the current environment and predict the future direction of the economy. The European Center for Economic Research (ZEW) May 14, 2013 released data show that Germany May ZEW economic sentiment index rose from 36.3 in April to 36.4, 40 less than economists expected, the European stock market slightly lower in early trading.
Issues include inflation, interest rates, exchange rates and the stock market over the next six months. So the data provide a forecast for the medium-term performance of the German economy. The survey reflects the difference between optimists and pessimists, for example, if 25% of the experts expect the economy to improve, and 35% of experts believe that the economic slowdown, and 40% of people believe that the same, the ZEW index was -10.ZEW economic sentiment index is a more important index of the German economy, the value of third weeks per month announced. In general, if the data rise, it will be favorable to the euro; otherwise the euro will be bad.Indirectly affect the price of crude oil.

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