German ZEW economic sentiment improves notably in April, beats estimates

The headline German ZEW economic sentiment came in much stronger at 11.2 points in April as compared to March's 4.3 points and way above markets’ expectations of an upturn to 8.0.

The current situation sub-index, however, edged down to 47.7 in April, compared from March's 50.7 and missing forecast of 50.8 points.