Germany July ZEW survey economic sentiment -53.8 vs -38.3 expected

  • Prior -28.0
  • Current conditions -45.8 vs -34.5 expected
  • Prior -27.6

Slight delay in the release by the source. That’s a significant miss as ZEW notes that the combination of concerns about energy supply in Germany, the ECB’s planned rate hikes and further pandemic-related restrictions in China have led to a considerable deterioration in the economic outlook.

ICYMI – World Health Organization (WHO) has identified a new “stealth omicron” strain

An update on this ICYMI, like I did. The WHO says the new strain is feared to be more transmissible and evasive than previous variants.

  • Officially named BA.2.75
  • nicknamed “Centaurus”
  • has been found in 10 countries, including Australia, Canada, Japan, New Zealand, Germany, the United States and the United Kingdom
  • the WHO has not yet labelled it as a variant of concern
  • transmissibility, severity, and potential for immune evasion are currently unknown
Go to top