German Investor Optimism Rises After French Elect Pro-EU Leader
- Expectations index climbs to 20.6 from 19.5; est. 22.0
- ZEW says euro-area economic prospects are gradually improving
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German investor confidence rose in May after the election of a centrist president in France reduced the risks for Europe’s largest economy.
The ZEW Center for European Economic Research in Mannheim said on Tuesday that its index of investor and analyst expectations, which aims to predict economic developments six months ahead, rose to 20.6 from 19.5 in April. Economists in a Bloomberg survey predicted an increase to 22, according to the median estimate.