German investors remain confident

|By:, SA News Editor

The German ZEW survey of investor confidence has climbed to 52.8 in October from 49.6 in September and topped consensus that was also 49.6.

However, the current situation print has slipped to 29.7 from 30.6 and missed forecasts of 31.

Sentiment for the eurozone has risen to 59.1 from 58.6 but undershot expectations of 59.4.

"The financial market experts remain optimistic," says ZEW President Clemens Fuest. "At present a greater impact of the debate on the debt ceiling in the USA is not visible."

The euro takes a tumble vs the dollar and is -0.2% to $1.3529. The Dax is +0.7%. (PR)

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