Economic sentiment presented by ZEW Centre for Economic Research in euro area decreased from 13.1 in April to -2.4 in May. Reading below zero indicates market pessimism. Meanwhile analyst expected index at 11.7 points. For the biggest European economy-Germany ZEW economic sentiment also declined unexpectedly to 10.8 from 23.4 reported previously. Euro was traded at 1.2851 against USD after data release.
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