German ZEW Sentiment Jumps to 10.5 as Iran Peace Hopes Lift Outlook - ActionForex
9 Articles
9 Articles
The mood barometer rises unexpectedly clearly. What is behind the upswing - and why experts remain cautious nevertheless.
With the hope of an end to the conflict in Iran and a decline in energy prices, the ZEW index rebounded sharply in June, returning to positive territory.
The confidence of German investors has increased substantially in June in view of the expectation of an early resolution of the conflict with Iran, as reflected in the indicator developed by the European Economic Research Centre in Leibniz (ZEW), which has reached 10.5 points since the -10.2 of the previous month, which represents the best reading since last February.
Mideast war peace deal boosts German investor morale
Frankfurt – German investor confidence jumped sharply in June, a key survey showed Tuesday, as the outlook improves for Europe’s biggest economy following the announcement of a US-Iran peace deal. The ZEW institute’s economic expectations index rose 20.7 points from negative territory in May to reach 10.5. Analysts surveyed by the financial data firm FactSet had expected the index to rise less sharply and remain in negative territory. “Financia…
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