German Investor Confidence Improves as Interest Rates Hit Peak
- ZEW expectations index rises to -1.1; economists saw -9
- ‘It seems that we have passed the lowest point,’ Wambach says
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German investor confidence improved for a third month — signaling hope that an end to more than a year of interest-rate increases can help Europe’s biggest economy overcome its current weakness.
The ZEW institute’s gauge of expectations rose to -1.1 in October from -11.4 in September — better than economists had predicted in a Bloomberg survey. An index of current conditions worsened a little.