German ZEW Economic Sentiment Index jumps to 26 in February vs. 15.5 expected

• Germany’s ZEW Economic Sentiment Index climbed to 26 in February.
• EUR/USD holds losses above 1.0450 after German and Eurozone ZEW surveys.

The headline German ZEW Economic Sentiment Index jumped to 26 in February from 10.3 in January, beating the market forecast of 15.5 by a wide margin.

The Current Situation Index improved to -88.5 in the same period, compared with January’s -90.4. Data beat the estimated -90 print.

The Eurozone ZEW Economic Sentiment Index came in at 24.2 in February versus 18 in January. The market expectations was for a 24.3 figure.

more to come ....