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German investor confidence hits highest level since 2004 | Malay Mail

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FRANKFURT, Aug 11 — Confidence 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. The ZEW institute’s monthly barometer measuring economic sentiment...

The construction site for the new terminal 3 at Frankfurt Airport, Germany, April 29, 2019. — Reuters pic

Analysts had predicted a small fall in investor confidence from 59.3 to 58.0, according to a survey by FactSet. Domestic sectors should expect to recover, Wambach said, but in a note of caution, he added: “The still very poor earnings expectations for the banking sector and insurers regarding the coming six months give cause for concern.”

 

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