German investor morale weakens more than forecast in December

German investor morale weakens more than forecast in December

© Reuters. FILE PHOTO: The skyline with its banking towers is photographed on a sunny autumn afternoon in Frankfurt© Reuters. FILE PHOTO: The skyline with its banking towers is photographed on a sunny autumn afternoon in Frankfurt

BERLIN (Reuters) – The mood among German investors worsened more than expected in December, a survey showed on Tuesday, reflecting uncertainty over the policies of a government yet to be formed, Britain’s expected exit from the European Union and reforms in the bloc.

The Mannheim-based ZEW research institute said its monthly survey showed its economic sentiment fell to 17.4 from 18.7 in November. That was a sharper fall than a Reuters consensus forecast for a drop to 18.0.

A separate gauge measuring investors’ assessment of the economy’s current conditions climbed to 89.3 from 88.8 last month. That compared with the Reuters consensus forecast for an increase to 88.5.

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

(Why?)

Source

Reply