Xmas cheer for Germany investors

showed yesterday.
The widely watched investor confidence index calculated by the ZEW economic institute soared to 6,9 points in December from minus 15,7 points in November.

It was the highest reading since May and also the first time since then that the index has been in  positive territory, the institute said.
“Financial market experts are looking to next year with a bit of pre-Christmas optimism,” said ZEW chief Wolfgang Franz.

“The economic slowdown we have seen over the past months will also stretch into 2013. But as things currently stand, Germany will be spared a recession,” Franz said. — AFP.