Investing.com - German economic sentiment improved more-than-expected in October, rising to the highest level since April 2010, industry data showed on Tuesday.
In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose by 3.2 points to hit 52.8 in October from September’s reading of 49.6.
Analysts had expected the index to remain unchanged at 49.6 this month.
Meanwhile, the index of euro zone economic sentiment rose to 59.1 in September, the highest reading since September 2009 and up from 58.6 in August.
Economists had expected euro zone economic sentiment to rise to 59.4 this month.
On the index, a level above 0.0 indicates optimism, a level below 0.0 indicates pessimism.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD inching down 0.21% to trade at 1.3532.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.6%, France’s CAC 40 advanced 0.5%, Germany's DAX tacked on 0.6%, while London’s FTSE 100 eased up 0.7%.
In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose by 3.2 points to hit 52.8 in October from September’s reading of 49.6.
Analysts had expected the index to remain unchanged at 49.6 this month.
Meanwhile, the index of euro zone economic sentiment rose to 59.1 in September, the highest reading since September 2009 and up from 58.6 in August.
Economists had expected euro zone economic sentiment to rise to 59.4 this month.
On the index, a level above 0.0 indicates optimism, a level below 0.0 indicates pessimism.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD inching down 0.21% to trade at 1.3532.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.6%, France’s CAC 40 advanced 0.5%, Germany's DAX tacked on 0.6%, while London’s FTSE 100 eased up 0.7%.