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Financial Confidence Soars in Germany
European analysts and institutional investors have turned optimistic about Germany's economic prospects over the next six months, according to the Centre of European Economic Research (ZEW).
The group's sentiment index for Germany surged 22.6 points from November to December to reach +6.9, the first time since June that the gauge has been in positive territory.
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European analysts and institutional investors have turned optimistic about Germany's economic prospects over the next six months, according to the Centre of European Economic Research (ZEW).
The group's sentiment index for Germany surged 22.6 points from November to December to reach +6.9, the first time since June that the gauge has been in positive territory. ZEW notes that the reading remains historically low.
Investors believe the country may be spared a recession, the group says. It opines that positive U.S. economic data may have spurred hope that the global economy will gain momentum, ZEW says.
The group's index of sentiment about Germany's current economic conditions ticked up 0.3 points to +5.7.
Financial experts also are more optimistic about the eurozone's six-month outlook, according to ZEW, whose index jumped 10.2 points this month to +7.7. The view of the region's current conditions remains deeply negative. The respective gauge edged up 0.4 points to -79.9.
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