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German investor confidence recovers as war eases

German investor confidence unexpectedly rose in June as financial market experts bet that the conflict with Iran was coming to an end and that inflationary pressures would ease. The economic confidence indicator rose to...

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German investor confidence unexpectedly rose in June as financial market experts bet that the conflict with Iran was coming to an end and that inflationary pressures would ease.


The economic confidence indicator rose to 10.5 points in June, economic research institute ZEW reported this Tuesday (16).


Analysts consulted by Reuters expected the index to be -6 points, compared to -10.2 points in the previous month.

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"Experts are betting that the conflict with Iran is coming to an end," said ZEW president Achim Wambach. "The enormous pressure on energy prices and inflation is likely to ease."


The survey was carried out between June 8th and 15th.


US President Donald Trump said on Monday (15) that a preliminary agreement to end the conflict had been signed by the US and Iran.

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On the other hand, the assessment of the current economic situation fell slightly, falling to - 81.0 points, compared to - 77.8 in the previous month.



Source: CNN

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