German Investor Outlook Drops to Worst Since 2022 on Iran War

German investor optimism dropped to the lowest level in more than three years as the Iran war eats away at a rebound in Europe’s biggest economy.

An expectations index by the ZEW institute declined to -17.2 in April from -0.5 in March. That’s worse than anticipated by all but three economists in a Bloomberg survey, which had a median estimate of -5.8. A measure of current conditions also fell.