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German investors remain confident

  • 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)
  • Relevant ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV Euro: ERO, ULE, URR, EUO, DRR, EUFX
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