German Investor Outlook Unexpectedly Improves on Hope Over War

German investor optimism unexpectedly improved on hope that the fighting in the Middle East will end soon, reducing the threat to Europe’s largest economy.

An expectations index by the ZEW institute rose to -10.2 in May from -17.2 in April. That’s better than the -19.5 median estimate of economists in a Bloomberg survey. A measure of current conditions deteriorated to -77.8.