German Investor Sentiment Hits Highest Level in Almost a Year
- ZEW expectations index rises to 16.9 in January; est. -15
- Wambach cites China reopening, easing energy squeeze
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Investors’ sentiment for the German economy jumped to the highest level in almost a year, the latest evidence that confidence is building as a squeeze from soaring energy prices eases.
The ZEW institute’s gauge of expectations rose to 16.9 in January from -23.3 in the previous month — better than any estimate in a Bloomberg survey of 27 economists. That reading means the gauge is now near its 10-year average.