Thread by @MacroTechnicals

ZEW SURVEY CONFIDENCE COLLAPSED chart thread 1/8

• Financial analysts (not business survey) with renewed darker outlook for the global economy
• Tariff wars
• Export trouble
• Iran tension
• no-deal-BREXIT fear

#GlobalSlowDown continues
#DovishCentralBanks

2/8 ZEW June Survey

Analysts' Eurozone economic expectations collapsing to -20.2 ... and next Business outlook (IFO, ESI, PMI) will most likely weaken too

3/8 ZEW June Survey Eurozone economic expectations vs ECB Repo

• ZERO chance for rate hikes
• 100% chance for QE and rate cuts

4/8 ZEW June Eurozone economic expectations vs EURUSD

5/8 ZEW June Eurozone vs STOXX

6/8 ZEW (analysts') Germany economic outlook vs ESI (business outlook)

7/8 ZEW analysts' June survey for Germany economic outlook vs $DAX

• May -2.1
• June -21.1 huge surprise drop

8/8 ZEW June survey Germany vs DE10Y

• 5y5y inflation expectations ⇊
• ZEW outlook momentum ⇊
• short term rates ⇊
• long term rates ⇊
• Draghi speech earlier ⇊

...Bunds 10Y -5bp to -0.27%
...Buxl roaring
...EURUSD dropped

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