German Investor Confidence Rises for the First Time in Five Months

Before you go, we thought you'd like these...
Before you go close icon

The ZEW Center for European Economic Research in Mannheim said today that its index of investor and analyst expectations rose to -18.2 from -25.5 in August. Economists on average expected a gain to -20, according to a Bloomberg News survey, and to -17, according to Marketwatch.

The index aims to predict economic developments six months in advance. The negative reading indicates that financial market experts believe the German economy to lose momentum in that time frame.

Meanwhile, the current conditions index dropped to 12.6 from 18.2 in August.

Market sentiment was boosted by Germany's constitutional court clearing the way for ratification of the permanent eurozone rescue fund, as well as by the U.S. Federal Reserve's announcement of a third round of quantitative easing to stimulate growth and employment in the world's largest economy.

Economic expectations for the eurozone improved significantly to -3.8 points in September. However, the indicator for the current economic situation in the eurozone dropped slightly to -76.3.

Filed under: 24/7 Wall St. Wire, Economy, International Markets Tagged: featured
Read Full Story


S&P 500 2,358.57 16.98 0.73%
DJIA 20,701.50 150.52 0.73%
NASDAQ 5,875.14 34.77 0.60%
DAX 12,149.42 153.35 1.28%
NIKKEI 225 19,218.49 15.62 0.08%
HANG SENG 24,399.01 53.14 0.22%
USD (per EUR) 1.08 0.00 0.07%
USD (per CHF) 0.99 0.00 -0.06%
JPY (per USD) 111.26 0.04 0.03%
GBP (per USD) 1.24 0.00 -0.04%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners