German investor morale reaches highest level in two years
Reuters
Published Apr 16, 2024 05:56AM ET
By Maria Martinez
BERLIN (Reuters) - German investor morale brightened more than expected in April, reaching the highest level since March 2022, the ZEW economic research institute said on Tuesday.
The economic sentiment index rose to 42.9 points in April from 31.7 points in March. Analysts polled by Reuters had pointed to an April reading of 35.0.
"A recovering global economy is boosting expectations for Germany, with half of the respondents anticipating the country's economy to pick up over the next six months," said ZEW president Achim Wambach.
Contributing to the optimism were also the improved assessments of the situation and economic expectations in Germany's export destinations, Wambach said.
The assessment of the economic situation in Germany, however, remained almost unchanged. It rose to minus 79.2 points from minus 80.5 the previous month.
"Although this index is still deep in negative territory, a gradual improvement in economic development seems possible over the course of the year," said Ulrich Wortberg, senior economist at Helaba.
Get The News You Want
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.