Tuesday, 16 October 2012

The Soft Landing Contines. German Confidence Unsteady

Soft landing continues. The German ZEW index increased in October on the back of fading short-term tensions in the euro crisis. Nevertheless, the ZEW index which measures investors' confidence still stands in negative territory, now -11.5, from -18.2 in September. At the same time, investors have become somewhat more negative on the current economic situation. The current assessment component dropped for the fifth consecutive month.


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