The ZEW index, which measures economic confidence in Germany in the September survey, fell by 13.9 points 26.5, declining for the fourth consecutive month, less than market expectations, which indicated a rise to 30.2 points.

This decline in the index comes despite the improvement in the current economic situation in Germany to 31.9, an increase of two points compared to the August reading, while the expectations index fell to 67.2.

On the other hand, the index concerned with measuring economic confidence in the euro area declined for th fourth time in a row in September to 31.1 compared to 42.7 in the September reading and less than expectations that indicated a rise to 35.3, and the current economic situation index rose to 22.5, up by 7.9 points compared to the August reading.
Meanwhile, Eurostat estimates showed GDP growth in the euro area to 2.2% in the revised reading, while the number of employed people rose by 0.7% in the eurozone and the European Union in the second quarter.

The euro against the US dollar is trading at 1.1875, up from its lowest level during the session at 1.1860.