AWARDS
Investor confidence in the economy has taken a hit in Germany following US President Trump's volatile trade policy. The ZEW Institute's expectations index fell to -14 in April, down from 51.6 in March, a sharp decline. Analysts polled by Bloomberg had expected a decline, but only to +10. The unpredictable changes in US trade policy have fueled global uncertainty, which is now weighing heavily on economic expectations in Germany. At the same time, any initial optimism about the new government's spending plans has quickly evaporated. Source: HolgerZ, Bloomberg C.H.MONCHAU
