German ZEW Economic Sentiment Index jumps to 51.7 in January, a big upside surprise

• German ZEW Economic Sentiment arrived at 51.7 in January, down from 29.9 previous.
• The ZEW Current Situation for Germany came in at -10.2 January vs -7.4 in December.
• EUR/USD remains in the red below 1.1400 on mixed ZEW data.

The German ZEW headline numbers for January showed that the Economic Sentiment Index unexpectedly jumped again, recording 51.7  from 29.9 previous while beating estimates of 32.7.

Meanwhile, the Current Conditions sub-index slumped to -10.2 in January as against -7.4 recorded in the previous month and -7.5 expectations.  

The Eurozone ZEW Economic Sentiment rose to 49.4 for the current month as compared to the 26.8 previous. 

more to come ...