Mixed October German ZEW index fails to lift the DAX

The October German ZEW economic sentiment index has just hit the screens. The index has shown a worse current conditions reading but a better overall index reading. Current conditions have all to -86.9 which is below forecasts and below the prior reading of -84.5, but at the same time the index itself has risen more than expected, to 13.1. The improvement there was expected to rise to around 10. So, a mixed bag there from the ZEW. Their accompanying statement seems to base the improvements on the outlook for the ECB to continue to lower rates. The EUR/USD was trading at around 1.0910 leading into the report. It has not really gained much after it, but it is no lower right now, currently trading at 1.0912. The DAX was already off the boil leading into this, having fallen back from a new record high earlier, at 19,633. The index is currently trading around 19,525