A view of the stock exchange in Frankfurt, Germany. There is still a quite optimistic mood on the financial markets. – REUTERSPIXConfidence among investors in Germany soared to its highest level in almost 17 years in August, as Europe's largest economy accelerates its rebound from the crushing impact of the coronavirus pandemic.
Analysts had predicted a small fall in investor confidence from 59.3 to 58.0, according to a survey by FactSet. "Hopes for a speedy economic recovery have continued to grow, but the assessment of the situation is improving only slowly," ZEW President Achim Wambach said. "The danger of an expectation bubble, triggered by massive fiscal and monetary-policy impulses, which primarily boost the financial markets, is not off the table," Burkert noted.