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Pre-Market Primer: German Confidence Rises; US Trade Deficit Grows
MINYANVILLE ORIGINAL Before the opening bell today stock futures are signaling gains as German economic sentiment surged. Germany's ZEW survey showed that the country's financial experts are much more bullish than they were last month. The leading indicator of business conditions unexpectedly rose to 6.9 this month from -15.7 last month. Outlook on current conditions rose to 5.7 from 5.4. ZEW attributes this rise to pre-Christmas optimism but they feel that it shows that Germany is unlikely to face a recession unless the greater eurozone crisis deepens further. The US trade deficit widened to $42.2 billion in October from ...
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