Friday, October 24, 2014   

German investor sentiment down to 8-month low due to Ukraine crisis
(04-15 18:20)

Investment sentiment in Germany hit its lowest level for eight months in April amid uncertainty about the fallout for Europe's top economy from the crisis in Ukraine, a survey found on Tuesday.
The widely watched investor confidence index calculated by the ZEW economic institute fell by 3.4 points to 43.2 points in April, the lowest level since August 2013, it said in a statement.
"The cautious expectations in this month's survey are likely to be caused by the Ukraine conflict, which still creates uncertainty,'' said ZEW president Clemens Fuest.
"Furthermore, the slight decline in economic expectations has taken place against the backdrop of a very positive evaluation of the current economic situation in Germany,'' Fuest said.
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 rose by 8.2 points to 59.5 points in April, its highest level since July 2011.
A frequent criticism of the ZEW index is that it can be volatile and is therefore not particularly reliable. --AFP   
Other Business breaking news:
British economy grows slower in Q3 (31 mins ago)
Firm in China's first bond default to be restructured (32 mins ago)
Hang Seng closes lower (1 hr 9 mins ago)
Pearson reports sliding sales (1 hr 10 mins ago)
European stocks fall at open (1 hr 26 mins ago)
BASF says won't meet 2015 targets (1 hr 27 mins ago)
ECB to unveil results of eurozone bank health check (1 hr 28 mins ago)
German consumer confidence stops falling: survey (1 hr 32 mins ago)
Nikkei finishes higher (1 hr 48 mins ago)
Hang Seng dips by lunch (10-24 12:23)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.