Cold shower since climate of confidence in the financial sector in Germany: in November there was a new and unexpected worsening, with which theindex elaborated by the Zew study center dropped to minus 15,7 points, from minus 11,5 points in October. On average, however, analysts expected a slight rise to minus 10 points.
According to the research company, the weak results of the surveys on business activity in the euro area could weigh heavily, together with the declines in industry orders that portend further declines in production.
