German ZEW economic sentiment index gained more than expected

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Source: ZEW

ZEW reported on Tuesday that its index of economic sentiment added 7.3 points this month. The index was equal to minus 18.2 points in September, up from the August's figure of minus 25.5. The gain is more significant than it was expected by analysts, since their prediction was that it would be equal to minus 19.2.

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Tue, 18 Sep 2012 12:01:04 GMT

Eurozone ZEW economic sentiment grew more than expected

On Tuesday, ZEW reported that its index, which measures economic expectations for Eurozone, has improved significantly in September. ZEW economic sentiment climbed to minus 3.8, from the figure of minus 21.2 in the preceding month. Analysts expected a more modest increase to the level of minus 16.5 in September.

Tue, 18 Sep 2012 11:39:04 GMT

Aussie falls versus the U.S. Dollar

Australian currency prolonged earlier decline versus the U.S. counterpart on Tuesday. The Aussie touched 1.0429 versus the greenback, the lowest level in six days, after reaching 1.0478 on Monday. The pair posted a double-top reversal composition on Tuesday, signaling further trading with a 1.0320 most likely support level.

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