Zew Survey reported an unexpected stall in confidence in Germany in March; seemingly the ongoing downside pressures building in the market and higher inflation and expected monetary tightening started to affect the sentiment.

Zew's Current Situation index for the month rose slightly to 85.4 from 85.2 and missed estimates for 86.0. As for the Economic sentiment it unexpectedly dropped to 14.1 from 15.7 and opposed the expected rise to 15.9.

On the contrary, the aggregate Economic Sentiment in the euro area improved in March as the index leaped to 31.0 from 29.5.