Economics
Trade Tensions Turn Into Mood Killer for Investors in Euro Area
- ZEW indexes fall to lowest levels since euro-area debt crisis
- Institute says outlook damped by fears of more protectionism
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Investors’ confidence in the euro area and Germany took another knock as the escalation of trade tensions between the U.S. and many of the world’s major economies cast a cloud over improving data.
The ZEW Center for European Economic Research said its measure of investor expectations for Germany fell to minus 24.7 in July from minus 16.1 in June, recording a fifth straight decline. A gauge for the euro area also plunged. Both are at levels not seen since 2012, when the region was mired in a crippling debt crisis.