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Tuesday March 16, 04:52
ZEW: Poor reading even without Spanish attacks
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The Zew Institute, which on Tuesday showed investor sentiment on the German economy dropping in March to 57.6 against expectations of a 66 reading, said the Spanish attacks made little difference. Of those surveyed, the poll showed a 59.1 point reading before the attacks, compared to 55.9 reading after. "What is more important is the hesitant recovery of the U.S. job market confirming concerns that the U.S. upswing may not be sustainable. This would affect the German economy, as it depends very much on the export business," the institute said.
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