Stockbrokers are more optimistic about economic prospects

Stockbrokers are more optimistic about economic prospects
Frankfurt Stock Exchange

According to a survey by the Center for European Economic Research (ZEW), stockbrokers are somewhat more optimistic about the future.

(Photo: IMAGO/Hannelore Förster)

Berlin Stock market professionals are somewhat less pessimistic about the German economy in view of the planned energy price brake. The barometer for their assessment of the economy in the next six months rose by 2.7 points to minus 59.2 points in October. It had previously fallen three months in a row, as the Mannheim Center for European Economic Research (ZEW) announced on Tuesday in its monthly survey of 176 analysts and investors.

Economists polled by the Reuters news agency had expected a further decline to minus 65.7. “The announced price brakes for gas and electricity are having an effect and are stabilizing German economic expectations,” said DekaBank economist Andreas Scheuerle.

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