German Investor Confidence Surges to Three-Year High
[Europe healing, China and the US improving. Major blow to the doom and gloom crowd and those haters of the US economy who inhabit this board. Bump for Intel...]
German investor confidence jumped more than economists forecast in February to the highest in almost three years, adding to signs that Europe’s largest economy is rebounding from its slump.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, climbed to 48.2 from 31.5 in January. That’s the highest since April 2010. Economists forecast a gain to 35, according to the median of 38 estimates in a Bloomberg News survey.
The Bundesbank said yesterday it expects the German economy to return to growth in the current quarter as confidence improves and the global economy gains strength.
The Bundesbank said yesterday it expects Germany to return to growth this quarter as confidence improves and the global economy gains strength.