2023-09-12 09:27:01
German investor sentiment unexpectedly improved in September as investors expected interest rate hikes to stop.
The economic research institute ZEW reported on Tuesday an increase in its economic sentiment index to -11.4 points compared to -12.3 points in August.
Analysts polled by Archyde.com had expected an index of -15.0 in August.
“The more favorable economic outlook for Germany aligns with a significantly more optimistic view of the development of international stock markets,” said ZEW President Achim Wambach.
This is, at least in part, attributed to the growing proportion of respondents who anticipate stable interest rates in the eurozone and the United States, he added.
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