May 15, 2018 / 9:17 AM / a year ago

Trade dispute, Iran conflict cloud German investor morale

BERLIN, May 15 (Reuters) - The mood among German investors remained unchanged at its lowest level in five and a half years in May, a survey showed on Tuesday, reflecting persisting concerns that Europe’s biggest economy could be hit be a trade dispute with the United States.

The ZEW research institute said its monthly survey showed a reading for economic sentiment among investors remained unchanged at -8.2 , the lowest since November 2012. This was in line with the Reuters consensus forecast.

A separate gauge measuring investors’ assessment of the economy’s current conditions edged down to 87.4 from 87.9 last month. The Reuters consensus forecast was for a reading of 86.2.

“The U.S. decision to back out of the nuclear treaty with Iran and fears of a further escalation of the international trade conflict with the U.S., as well as a further rise in crude oil prices, have had an overall negative impact on economic expectations in Germany”, ZEW researcher Achim Wambach said. (Reporting by Michael Nienaber Editing by Madeline Chambers)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below