Despite uncertainties
related to the US government shutdown and the discussions in Congress to rise
the debt ceiling, German investors confidence rose to the highest since April ’10
in October. Zew economic sentiment index rose in October from 49.6 to 52.8, better
than market expectations (51.0).
The figure
is a positive sign for the IFO business confidence index due on Friday October
25th and it is in line with a 1.5%/2% annualized growth of GDP in Q4. The only
negative pieces of news came from the current conditions index, declined from
30.6 to 29.7.
