German investor morale rebounds on hopes Iran conflict will end
German Investor Sentiment and Economic Outlook
By Maria Martinez
Unexpected Rise in Investor Morale
BERLIN, June 16(Reuters) - German investor morale rose unexpectedly in June as financial market experts bet the Iran conflict was nearing an end and inflation pressures would ease.
ZEW Economic Sentiment Indicator
The indicator of economic sentiment rose to 10.5 points in June, the ZEW economic research institute said on Tuesday.
Market Expectations vs. Actual Results
Analysts polled by Reuters had anticipated the reading to come in at minus 6 points from minus 10.2 points a month earlier.
"Experts are betting that the Iran conflict is nearing an end," said ZEW President Achim Wambach. "The massive pressure on energy prices and inflation is likely to ease."
Survey Details and Geopolitical Context
The survey was conducted between June 8 and June 15.
U.S.-Iran Preliminary Agreement
U.S. President Donald Trump said on Monday a preliminary agreement to end the conflict had been signed by the U.S. and Iran.
Assessment of Current Economic Situation
By contrast, the assessment of the current economic situation declined slightly, falling to minus 81.0 points, from minus 77.8 in the previous month.
(Reporting by Friederike Heine, editing by Linda Pasquini and Madeline Chambers)
