Economics
German Investor Mood Drops Even as ECB Boosts Stimulus
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German investor confidence unexpectedly fell for a sixth month in June even after the European Central Bank announced a new round of stimulus aimed at preventing deflation and rekindling growth in the euro area.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, slid to 29.8 from 33.1 in May. Economists forecast an increase to 35, according to the median of 35 estimates in a Bloomberg News survey. The gauge has dropped every month since reaching a seven-year high in December and is now at the weakest since December 2012.