German investor sentiment up sharply in Feb
February 14, 2012
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FRANKFURT, Germany—Germany's ZEW institute says its index of investor optimism is up sharply due to better U.S. economic data and steady progress in working out a new bailout for Greece.
The reading for February hit 5.4 points, up 27 points from minus 21.6 from the month before.
The institute said Tuesday the reading means that a recent slowdown in Germany isn't likely to last.
ZEW president Wolfgang Franz says market experts believe the German economy will instead see a "slight uplift" in the second half of this year.
Optimism has risen thanks to stronger job creation in the U.S. economy in recent months. Eurozone officials, meanwhile, are working toward a deal to loan Greece more money to keep it from a messy default on its debts.
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