German investor sentiment jumps in November: ZEW
Investment sentiment in Germany rose for the first time this year in November, amid signs that Europe's biggest economy is stabilising, a survey found on Tuesday.
The widely watched investor confidence index calculated by the ZEW economic institute jumped by 15.
1 points to 11.
5 points in November, after slumping to a 22-month low of minus 3.
6 points the previous month, ZEW said in a statement.
"The index has returned to positive territory after the previous month's slip into negative territory," said ZEW president Clemens Fuest.
The ZEW barometer "has increased for the first time in 2014.
The recent growth figures for the euro area suggest that the economy is stabilising, which contributed to the indicator's increase," Fuest said.
"However, the economic environment remains fragile, not least due to ongoing geopolitical tensions," he cautioned.
For the survey, ZEW questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months.
The sub-index measuring financial market players' view of the current economic situation in Germany inched higher by 0.
1 points to 3.
3 points in November.
A frequent criticism of the ZEW index is that it can be volatile and is therefore not particularly reliable.
© 2014 AFP