BIG JUMP: An index of German investor optimism rose more than expected in December, suggesting market professionals think Europe's largest economy will avoid an outright recession.
THE DETAILS: The ZEW indicator of economic sentiment rose to plus 6.9 points, from minus 15.7 in November. Markets had expected the index to rise only to minus 11.5.
OTHER DATA: Germany's economy grew a modest 0.2 percent in the third quarter and expectations are for another weak quarter in the last three months of the year. Other indexes of business optimism such as Germany's Ifo index and surveys of purchasing managers have also risen recently.