German ZEW economic sentiment dives to -21.1 in June, a huge miss (EUR extends losses)

The German ZEW headline numbers for June showed that the economic  sentiment  index arrived at -21.1 versus -5.9 expectations and -2.1 last. While the sub-index current conditions figure jumped to 7.8 versus 6.0 expected and 8.2 booked previously, bettering market expectations.

Meanwhile, the Eurozone ZEW economic sentiment for June arrived at -20.2 vs. -3.6 expected and -1.6 last.