The ZEW index caused surprise

The German ZEW economic sentiment index increased higher than the expected 45.1 points, to 53 points in April, from the 44.5 points of March. The EURUSD bounced above 1.35, the EURJPY quotation rose above 125.30.

The Head of the ZEW Economic Research said that the German economic recovery continues, the export is getting favorable, and positive signs came from the consumer side. The Icelandic volcanic ash obviously causes some profit loss in certain economic segments, but the effect is only temporary – reports TőzsdeFórum.