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Tuesday, December 17, 2013

German investor confidence hits seven-year high.

The German ZEW survey of investor confidence has climbed to its highest since April 2006 in December, surging to 62 from 54.6 in November and topping consensus of 55. The current situation print also increased, as did sentiment for the Eurozone. The ZEW President further clarifies that "Despite rather disappointing economic data released recently, the financial-market experts expect the economic development in Germany and the eurozone to improve further in 2014".

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