Arab Today, arab today german investor sentiment takes a hit
Last Updated : GMT 15:47:55
Arab Today, arab today
Arab Today, arab today

German investor sentiment takes a hit

Arab Today, arab today

Arab Today, arab today German investor sentiment takes a hit

Frankfurt - AFP

Investors in Germany, Europe\'s biggest economy, turned gloomy this month, as disappointing economic data appeared to cast a shadow over the recovery outlook, a new survey found on Tuesday. German investors apparently took little cheer from a recent pledge by the European Central Bank to keep eurozone interest rates low for the foreseeable future. They fretted instead about the fallout for exports from the slowing Chinese economy. The widely watched investor confidence index calculated by the ZEW economic institute fell by 2.2 points to 36.3 points in July, disappointing analysts\' forecasts for an increase to around 40 points this month. Nevertheless, the index remains in firmly positive territory, ZEW president Clemens Fuest insisted. \"Financial market experts are sticking to their overall positive forecast,\" he argued. \"This illustrates their confidence in the robustness of the German economy despite the rather weak figures concerning industrial production and foreign trade released recently,\" Fuest said. For the survey, ZEW questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months.The sub-index measuring financial market players\' view of the current economic situation in Germany rose by 2.0 points to 10.6 points in July, the first increase in this particular component in four months. A frequent criticism against the ZEW index is that it can be volatile and is therefore not particularly reliable. Capital Economics economist James Howat attributed the unexpected drop in the ZEW barometer this months to \"disappointing hard data and troubles in Portugal (which) reminded investors that the eurozone crisis is far from over.\" Nevertheless, the reading was \"still consistent with annual economic growth in Germany of around 2.0 percent,\" the expert said. ING DiBa economist Carsten Brzeski said the ZEW data \"fit into the current picture that the German economy looks like a grab bag, which has something for everyone.\" While optimists could point to the strong labour market, solid private consumption, strong construction growth and confidence indicators at high levels, the pessimists could focus on falling new orders, disappointing exports and the continuing euro crisis, Brzeski said. He believed that the \"stuttering and now slowing Chinese economy is a clear cause of concern and could become a new risk factor for the German economic outlook.\" Natixis economist Johannes Gareis said the ZEW data \"are better than one might think at first glance and finally point to a stabilisation of German growth during in this year.\" Christian Schulz at Berenberg Bank was also wary of reading too much into the numbers. \"Given the volatility of the ZEW index in the past five crisis years, the latest changes were all marginal and do not point to an economic turning point\" he said. As the ZEW expectations index for Germany was still well above its long-term average of 23.7, it was \"consistent with German growth rebounding to at least its trend rate later this year,\" the expert said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german investor sentiment takes a hit Arab Today, arab today german investor sentiment takes a hit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german investor sentiment takes a hit Arab Today, arab today german investor sentiment takes a hit

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Russia and Iraq restore air travel

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 11:53 2017 Saturday ,16 September

Jolie effect helps Namibian tourism

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday