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Germany’s investor confidence drops more than forecast


Germany’s investor confidence dropped more than forecast in June, data from the ZEW Center for European Economic Research in Mannheim showed on Tuesday.

The index of investor expectations slipped to -24.7 this month, compared to a previous of -16.1. Economists had predicted a retreat to -17.9.

The same gauge in the euro area also slid to -18.7 from -12.6 in June, while analysts had predicted a reading of -13.2.

As of 09:20 GMT, the euro traded lower at 1.1717 versus the green currency, after hitting a high of 1.1762 earlier in the session.

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