German Investor Sentiment Drops As Ukraine Crisis Continues

German analyst and investor sentiment fell for the fourth month in a row in April, a leading survey showed on Tuesday, dropping more than expected as the crisis in Ukraine continued to weigh on the outlook in Europe’s largest economy.

Mannheim-based think tank ZEW’s monthly survey of economic sentiment slid to 43.2 from 46.6 in March, missing the consensus forecast in a Reuters poll for a drop to 45.0.

A separate gauge of current conditions however climbed to 59.5 points from 51.3 in March, overshooting the forecast for a reading of 51.8 points.

“This very positive assessment of the economic situation may also explain to some extent why a part of the surveyed experts have slightly lowered their expectations for the next six months,” ZEW said in a statement. “In their view the German economy is already growing at a considerable pace.”

The index was based on a survey of 238 analysts and investors conducted between March 31 and April 14, ZEW said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza