The ZEW and the Sentix for November surprised on the upside, showing that
investors are increasingly confident about the future even though current
developments remain challenging. A fall in market inflation expectations was
the most notable detail, and is in line with our view that the current inflationary pressures, although sizeable, are transitory and will ease materially over H2 next year. The EC’s forecasts go in the same direction.
What you will learn: