The Traderszone Network

Published in TZ Latest News 12 August, 2014 by The TZ Newswire Staff

German investor morale plunges to lowest in over 1-1/2 years

German analyst and investor morale fell to its lowest level in more than 1-1/2 years in August, a survey showed on Tuesday, suggesting Europe’s largest economy is running out of steam in the third quarter. Mannheim-based think tank ZEW’s monthly survey of economic sentiment fell for an eighth consecutive month to 8.6 in August, its lowest since December 2012, as the crisis in Ukraine took its toll. The reading, which was way off the consensus forecast in a Reuters poll for a reading of 18.2, sent the euro to a session low against the dollar and caused Bund futures to rise.

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