Germany's ZEW economic sentiment index drops to 31.5 in June

Market news

16 June 2015

Germany's ZEW economic sentiment index drops to 31.5 in June

The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany's ZEW economic sentiment index slid to 31.5 in June from 41.9 in May, missing expectations for a decline to 37.1.

The ZEW President Clemens Fuest said that "the ongoing uncertainty over Greece's future and the restrained dynamic of the global economy" weighed on the German economy.

Eurozone's ZEW economic sentiment index dropped to 53.7 in June from 61.2 in May.

State Secretariat for Economics (SECO) cut its growth forecasts for Switzerland

Option expiries for today's 10:00 ET NY cut

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