GERMANY - German institutional investors are optimistic about the prospects for the national economy, according to new data from the Mannheim-based Centre for European Economic Research, ZEW.
ZEW Indicator of Economic Sentiment increased in June after falling last month. The indicator gained 3.3 points to stand at 69.6. Most analysts expect the upward trend to continue during the next six months.
Investors are also confident on the outlook for the Eurozone which rose to 72.5 points in June from 68.4 points in May.
Separately, respondents believed that the positive expectations for the German economy will also support the exchange rate of the Euro. Optimism for the Euro has not been at a comparably high level since last September, said ZEW.
ZEW’s monthly Financial Markets Survey analysed responses from 306 analysts and institutional investors who were asked about their medium-term expectations concerning economic activity and capital markets.
By Madhu Kalia
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