German investor confidence hits four-year high

22 January, 2020 12:00 AM printer

FRANKFURT AM MAIN: The US-China trade truce has sent German investor confidence soaring to its highest level in more than four years, a closely-watched survey said Tuesday.

The ZEW institute’s monthly barometer measuring investors’ economic expectations climbed to 26.7 points in January, up 16 points on December’s reading, reports AFP.

January’s figure brings the index to its highest level “since July 2015”, ZEW said in a statement, far exceeding analysts’ expectations. The optimism among investors in Europe’s top economy comes after the United States and China last week signed a partial trade deal that eased tensions after nearly two years of tit-for-tat tariffs.