2024年12月，德国ZEW经济景气指数意外跃升至15.7，为四个月来最高，而11月为7.4，超过了6.5的预测。ZEW总裁Achim Wambach表示：“随着德国提前举行选举，人们对鼓励私人投资的经济政策的预期以及进一步降息的前景，经济前景正在改善。”。另一方面，对当前经济形势的评估继续恶化，当前状况指标从-91.4降至-93.1，而预测为-93。

The ZEW Indicator of Economic Sentiment for Germany unexpectedly jumped to 15.7 in December 2024, the highest in four months, compared to 7.4 in November and beating forecasts of 6.5. “With snap elections ahead in Germany and the resulting expectations of an economic policy encouraging private investment as well as the prospect of further interest-rate cuts, the economic outlook is improving,” ZEW President Achim Wambach said. On the other hand, the assessment of the current economic situation continued to deteriorate, with the current conditions gauge declining to -93.1 from -91.4, compared to forecasts of -93.

周二，DAX指数在20320点附近几乎没有变化，反映了欧洲普遍的谨慎情绪，因为交易员正在等待包括美联储和英国央行在内的主要央行的货币政策决定。在数据方面，德国Ifo商业环境令人失望，降至2020年以来的最低水平。德国ZEW经济情绪今天将成为焦点。在企业方面，西门子股价上涨1%，空客股价上涨1.3%，此前德意志银行将该股从“持有”上调至“买入”。另一方面，德国邮政（-2.4%）和德意志银行（-1.1%）下跌。

The DAX was little changed around the 20320 level on Tuesday, tracking a general cautious mood in Europe, as traders await monetary policy decisions from major central banks including the Fed and the BoE. On the data front, the Ifo Business Climate for Germany disappointed and fell to the lowest level since 2020. The ZEW Economic Sentiment for Germany will take center stage today. On the corporate front, Siemens gained 1% and shares of Airbus rose 1.3% after Deutsche Bank upgraded the stock to "buy" from "hold". On the other hand, Deutsche Post (-2.4%) and Deutsche Bank (-1.1%) were down.

欧洲央行降息乐观情绪和德国政策希望提振ZEW情绪。受降息和政策转变的乐观情绪推动，12月ZEW经济情绪调查显示德国和欧元区的前景显著改善。

ZEW sentiment surges on ECB rate cut optimism and German policy hope.The December ZEW Economic Sentiment survey delivered a notable improvement in outlook for both Germany and the Eurozone, driven by optimism surrounding interest rate cuts and policy shifts.

德国Ifo商业环境降至84.7，疲软成为常态。德国Ifo商业景气指数12月降至84.7，低于预期的85.6，从11月的85.7下降。这一下降凸显了欧洲最大经济体持续面临的经济挑战，在不确定性日益增加的情况下，市场情绪继续下滑。

Germany Ifo business climate falls to 84.7, weakness becoming chronic.German Ifo Business Climate Index declined to 84.7 in December, missing expectations of 85.6 and falling from 85.7 in November. This drop highlights persistent economic challenges in Europe's largest economy, with sentiment continuing to slide amid growing uncertainty.