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Economy
In reply to the discussion: STOCK MARKET WATCH - Tuesday, 17 January 2012 [View all]xchrom
(108,903 posts)45. German Investor Confidence Jumps on Signs Crisis May Have Passed: Economy
http://www.bloomberg.com/news/2012-01-17/german-investor-confidence-jumps-more-than-forecast-as-economy-stabilizes.html
German investor confidence jumped the most on record in January, prompting some economists to suggest that the worst of Europes sovereign debt crisis may have passed.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, surged to minus 21.6 from minus 53.8 in December, its second straight increase. The gain of 32.2 points is the biggest since ZEW started the index two decades ago. Economists forecast a reading of minus 49.4, the median of 39 estimates in a Bloomberg News survey shows.
It seems the worst of the euro crisis is over, said Michael Schroeder, head of ZEWs financial markets department.
German business confidence unexpectedly rose for a second month in December and unemployment dropped, even as the debt crisis threatened to tip Europes largest economy into recession. The European Central Bank last month flooded the banking system with 489 billion euros ($623 billion) in three- year loans, easing concerns about a credit shortage and helping to shore up demand in Italian and Spanish bond auctions.
*** setting the stage for 'official expressions of SURPRISE'?
German investor confidence jumped the most on record in January, prompting some economists to suggest that the worst of Europes sovereign debt crisis may have passed.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, surged to minus 21.6 from minus 53.8 in December, its second straight increase. The gain of 32.2 points is the biggest since ZEW started the index two decades ago. Economists forecast a reading of minus 49.4, the median of 39 estimates in a Bloomberg News survey shows.
It seems the worst of the euro crisis is over, said Michael Schroeder, head of ZEWs financial markets department.
German business confidence unexpectedly rose for a second month in December and unemployment dropped, even as the debt crisis threatened to tip Europes largest economy into recession. The European Central Bank last month flooded the banking system with 489 billion euros ($623 billion) in three- year loans, easing concerns about a credit shortage and helping to shore up demand in Italian and Spanish bond auctions.
*** setting the stage for 'official expressions of SURPRISE'?
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