German Investor Confidence Improves As Oil Declines
German investor sentiment rose more than expected to -55.5 from last month’s record low reading of -63.9, in light of falling oil prices and a weakening euro. The current drop in oil prices helped to brighten the growth outlook for Europe’s largest economy, while a weaker euro should help to foster a rise in export demands. Amid the unexpected improvement amongst German investors, the current assessment of the economy crossed the wires worse than expected, as the index plunged to -9.2 from 17 in the previous month.
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