(Reuters) - The ZEW survey showed economic sentiment in the euro zone's
biggest economy fell in June after rising for six months. While
this did not materially change near-term expectations for a euro
zone rate hike this year, the surprise drop dented the mood.
"The ZEW spoilt the party. The data wasn't dramatically bad
but it was weaker than expected. With euro zone data we've
become accustomed to getting stronger readings, so a weak
reading is bad news," said Audrey Childe-Freeman, economist at
CIBC World Markets.
Read more at Reuters.com Bonds News
biggest economy fell in June after rising for six months. While
this did not materially change near-term expectations for a euro
zone rate hike this year, the surprise drop dented the mood.
"The ZEW spoilt the party. The data wasn't dramatically bad
but it was weaker than expected. With euro zone data we've
become accustomed to getting stronger readings, so a weak
reading is bad news," said Audrey Childe-Freeman, economist at
CIBC World Markets.
Read more at Reuters.com Bonds News
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