German investor morale rises on belief in economy's resilience
Reuters
Published Jun 21, 2016 10:26
German investor morale rises on belief in economy's resilience
BERLIN (Reuters) - The mood among German analysts and investors improved unexpectedly in June, reflecting their confidence in the resilience of Europe's largest economy despite an uncertain global backdrop, a survey by think tank ZEW showed on Tuesday.
Mannheim-based ZEW said its monthly survey showed a rise in its economic sentiment index to 19.2 points in June from 6.4 the previous month. That compared with the Reuters consensus forecast for a fall to 4.7.
A separate gauge of current conditions rose to 54.5 points from 53.1 in May. The Reuters consensus forecast was for a reading of 53.0.
"The improvement of economic sentiment indicates that the financial market experts have confidence in the resilience of the German economy," ZEW President Achim Wambach said in a statement.
"However, general economic conditions remain challenging. Apart from the weak global economic dynamics, it is mainly the EU referendum in Great Britain which causes uncertainty," he added.
The ZEW index was based on a survey of 202 analysts and investors conducted June 6-20.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.