Summary Box: ZEW says German investor optimism up

AP News
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Posted: Apr 17, 2012 3:04 PM
Summary Box: ZEW says German investor optimism up

UNEXPECTED RISE: The ZEW institute said its survey found that German investor sentiment rose in April for a fifth straight month to 23.4 from 22.3 in March. Analysts had expected a dip to 19.

SO WHAT: The closely watched survey gave market watchers optimism about the health of Europe's biggest economy, despite ongoing jitters over the amount of debt held by a number of other countries that use the euro.

GERMAN HEALTH: Germany's economy is expected to better than the broader Eurozone economy this year. The country is benefiting from strong exports to Asia and North America.