Tuesday, March 22, 2016

Market professionals more optimistic: ZEW index still remains below forecast – n-tv.de NEWS


 Economy

 


 Tuesday, 22 March 2016

 
 
 


 
 The faces of the financial analysts and institutional investors bright to respect the German economy. According to the ZEW index rises for economic expectations. However, it remains below expectations.

 


 
 

The stock market professionals have regained a somewhat more optimistic on the German economy. The barometer for their economic expectations over the next six months rose in March by 3.3 to 4.3 points, as the Mannheim Centre for European Economic Research (ZEW), citing announced on its survey of 216 analysts and investors. Previously there had been two consecutive declines. Economists had anticipated a rise to 5.0 points.

“The speculation about future economic development of important emerging countries, on the future development of oil prices and the external value of the euro does continue to be cautious,” ZEW said expert Sascha Steffen. “The significant renewed easing of ECB monetary policy has apparently not significantly changed the economic outlook.”

The current situation reviewed the professionals but skeptical. This barometer fell by 1.6 to 50.7 points. Here experts had predicted a rise to 53.0 points.

The mood among German CEOs brightened after three consecutive declines also back on. The Ifo business climate index rose in March surprisingly significantly from 105.7 points to 106.7 points.



Wambach takes two items

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Meanwhile, is also clarified an important Personnel. The future ZEW President Achim Wambach is the new Chairman of the Monopolies Commission. The outgoing director of the Institute for Economic Policy at the University of Cologne was chosen unanimously, said the monopoly Commission in Bonn. Wambach is April 1, also president ZEW accept.

The Monopolies Commission needed a new chairman after the previous chief Daniel room had resigned last week. He had justified his resignation with the ministerial approval for the acquisition of supermarket chain Kaiser’s Tengelmann by Edeka by Federal Minister Sigmar Gabriel. The advisory body for competition matters had Gabriel previously recommended to reject the merger of the two retailers.

  Source: n-tv.de
 


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