Survey finds German investor optimism on the rise in October as risks diminish
October 17, 2012, 5:11 pm TWN
FRANKFURT -- A closely watched survey of investor optimism in Germany rose in October, in an upbeat sign for the eurozone's largest economy.
The ZEW survey rose by more than expected to minus 11.5 from minus 18.2 in September. Markets had expected a reading of minus 14.9.
The ZEW, or the Center for European Economic Research, said Tuesday that the results show “that risks for the German economy have somewhat diminished.”