German Investor Confidence at 10-Month High
Posted: February 14th, 2012 | Author: StockPK Team | Filed under: News | Tags: Economic Development, Euro, Germany, Global Economy, Greek Crisis, Investment, investors | No Comments »
German investor confidence surged to a 10-month high in February as global growth improved and Europe’s debt crisis showed signs of abating.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 5.4 from minus 21.6 in January. That’s the highest since April 2011 and the third straight increase.
“The outcome is a positive surprise,” said Annalisa Piazza, a fixed-income analyst at Newedge Group in London.
“Signs that the euro-area economy is stabilizing, rather than collapsing as some have feared, and hopes of a resolution of the debt crisis seem to have supported economic sentiment.”
From: Bloomberg
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