Economic Data Preview: German ZEW Survey

Germany’s ZEW Survey is expected to see investor sentiment take a turn for the worse in October after seeing improvement over the past two months. The metric hit a 15-year low at -63.9 in July. The deterioration is to be expected given dire credit market conditions and the precipitous slowdown in demand in Germany and across its key export markets. Indeed, last week saw Germany’s benchmark DAX 30 stock index drop 22%, the most on record, as investors feared oncoming recession (GDP growth shrank -0.5% in the second quarter, meaning a negative result in the three months through September would, by definition, constitute recession).

For a full list of upcoming event risk and past data releases, check out the DailyFX Economic Calendar.