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Zew indicator rises for the first time in 2014

FXStreet (London) - The ZEW Indicator of Economic Sentiment for Germany gained 15.1 points in November 2014. Now standing at 11.5 points (long-term average: 24.4 points), the index has returned to positive territory after the previous month's slip into negative territory.

"ZEW's Indicator of Economic Sentiment for Germany has increased for the first time in 2014. The recent growth figures for the euro area suggest that the economy is stabilising, which contributed to the indicator’s increase. However, the economic environment remains fragile, not least due to ongoing geopolitical tensions," says ZEW think tank president Professor Clemens Fuest.

The assessment of the current economic situation in Germany is largely unchanged. Increasing by 0.1 points, the index now stands at 3.3 points.

ZEW's Indicator of Economic Sentiment for the Eurozone has increased by 6.9 points in November to a reading of 11.0 points. The indicator for the current economic situation in the euro area has decreased by 2.9 points to a value of minus 59.7 points.

EUR/USD rose strongly on the positive news from the Eurozone, climbing to a high of USD1.2540 following the release, up 0.57 percent on the session.

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