German ZEW Economic Sentiment Index rebounds to 25.2 in May vs. 11.9 expected

• Germany’s ZEW Economic Sentiment Index bounced back to 25.2 in May.
• EUR/USD consolidates recovery gains above 1.1100 after German and Eurozone ZEW surveys.

The headline German ZEW Economic Sentiment Index rebounded to 25.2 in May from -14 in April, beatimh the market consensus of 11.9 by a wide margin.

The Current Situation Index eased slightly to -82 in the same period, as against the April reading of -81.2. Data beat the estimated -77 reading.