Seeking Alpha

Euro continues slump after weak German numbers

  • Germany's ZEW survey of economic expectations declined to 8.6 in August from 27.1 in July and vs. expectations for a print of 18. It's the eighth straight month of declines and the indicator has reached its lowest level since December 2012.
  • It's another data point painting a picture of a sharply slowing economy following an unusually strong Q1. Last month, the closely-watched Ifo survey indicator fell for the third consecutive month.
  • The euro (NYSEARCA:FXE) is lower by 0.3% to $1.3344, it's weakest level since November. It was just three months ago, the currency touched $1.40.
  • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
  • Germany's DAX is down 0.4%. EWG -0.5% premarket
From other sites
Comments (1)
  • Andreas Hopf
    , contributor
    Comments (11977) | Send Message
     
    Thanks to Mr. Putin, European holders of U.S. stocks profit additionally.
    12 Aug 2014, 07:26 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs