German investor confidence dropped in February, with the ZEW indicator of economic sentiment declining 6 points to 55.7 and missing analysts expectations of a 62.7 print. The drop marks the second weakening in a row, after the January survey fell to 61.7, after reaching a seven-year high of 62 in December. The current-situation assessment, however, was more upbeat and gained 8.8 points in February to 50, reaching its highest level since August 2011. "This month's decline in economic expectations must not be overstated. The majority of surveyed financial market experts remain optimistic," ZEW-President Clemens Fuest, said in the release. Expectations for the euro zone also declined in February, shedding 4.8 points to 68.5.
Source: marketwatch
Source: marketwatch
