German ZEW headline index may have fallen slightly in April

March's rise left German ZEW headline index at a one-year high of +54.8 and the rise in equity prices at the start of this month suggested that optimism had continued to build. 

However, rising risks of Grexit may have taken a toll. Not only has the rise in German equities stalled over recent days as Greek yields have surged, but the German Sentix Investor Sentiment Index registered a decline in April. 

"Germany's ZEW headline Economic Sentiment Indicator (10.00 BST) probably fell to around +50.0 in April." said Capital Economics in a report