German ZEW Economic Sentiment Index leaps to 47.5 in June vs. 35 expected

• Germany’s ZEW Economic Sentiment Index advances further to 47.5 in June.
• EUR/USD consolidates above 1.1550 after German and Eurozone ZEW surveys.

The headline German ZEW Economic Sentiment Index jumped to 47.5 in June from 25.2 in May, beating the market forecast of 35 by a wide margin.

The Current Situation Index improved to -72 in the same period, as against the May reading of -82. Data beat the estimated -74 print.

The Eurozone ZEW Economic Sentiment Index arrived at 35.3 in June from 11.6 in May. The market expectations was 23.5.