German Investor Sentiment Drops As Ukraine Crisis Continues

April 15, 2014 Share Print 0

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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

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.