FXstreet.com (Barcelona) - The ZEW indicator for economic sentiment points out to a weakening of the country's economic momentum on a six month horizon, as the economic expectations index has declined deeper than expected in June.

Economic expectations index has dropped to -63.8 points in June, from -60.4 in May, a weaker than expected reading, as market experts had advanced a mild decline to -60.8.

The Swiss assessment for the current economic situation has also worsened, as the index measuring it has dropped 11 points to 53.2 level.

A large amount of the surveyed citizens, 42.6%, expect rates to continue increasing further, and the amount of citizens who expect a rate hike over the next months has risen to 55.3% in June.