German investor confidence falls sharply

|By:, SA News Editor

The German ZEW survey of investor confidence has dropped to 55.7 in February from 61.7 in January and missed consensus that was also 61.7.

However, the current situation print has surged to 50 from 41.2 and exceeded forecasts of 44.

Sentiment for the eurozone has declined to 68.5 from 73.3 and undershot expectations of 73.9.

The drop in the headline figure was probably caused by recent uncertainties, such as weak U.S. labor and other economic data, and the volatility in emerging markets, ZEW says, adding that the fall "must not be overstated."

The DAX is -0.25%, although the euro is +0.1% at $1.3714. (PR)

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