German ZEW Economic Sentiment Index drops to -41 in April

The findings of the German ZEW survey showed on Tuesday that the Economic Sentiment Index declined modestly to -41 in April from -39.3 in March. This reading came in much better than the market expectation of -48.

Underlying details of the publication revealed that the Current Situation Index dropped to -30.8 from -21.4 in the same period, compared to the market expectation of -35.