German investor morale recovers in October
Adds details
By Maria Martinez
BERLIN, Oct 15 (Reuters) -German investor morale improved more than expected in October, the ZEW economic research institute said on Tuesday, reporting a rise in its economic sentiment index to 13.1 points from 3.6 points in September.
Analysts polled by Reuters had pointed to a reading of 10.0.
The contributing factors for the rise include the expectation of stable inflation rates and the associated prospect of further interest rate cuts by the European Central Bank, ZEW president Achim Wambach said.
Positive signals are also coming from Germany's export markets, with economic expectations for the eurozone, the United States and China also significantly improving, he added.
While the indicator of economic sentiment improved, the assessment of the economic situation fell to minus 86.9 points from minus 84.5 in the previous month.
Almost nine out of 10 respondents assessed the current economic situation as negative, the survey showed.
Reporting by Rachel More, Miranda Murray and Maria Martinez
Editing by Madeline Chambers
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
