Investing.com - German economic sentiment improved significantly more-than-expected in September, 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 7.6 points to hit 49.6 in September from August’s reading of 42.0.
Analysts had expected the index to rise by 4.0 points to 46.0 this month.
Meanwhile, the index of euro zone economic sentiment jumped to 58.6 in September, the highest reading since September 2009 and up from 44.0 in August.
Economists had expected euro zone economic sentiment to rise to 47.2 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 added to gains against the U.S. dollar, with EUR/USD rising 0.19% to trade at 1.3359.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 shed 0.25%, France’s CAC 40 dipped 0.3%, Germany's DAX fell 0.2%, while London’s FTSE 100 eased down 0.25%.
In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose by 7.6 points to hit 49.6 in September from August’s reading of 42.0.
Analysts had expected the index to rise by 4.0 points to 46.0 this month.
Meanwhile, the index of euro zone economic sentiment jumped to 58.6 in September, the highest reading since September 2009 and up from 44.0 in August.
Economists had expected euro zone economic sentiment to rise to 47.2 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 added to gains against the U.S. dollar, with EUR/USD rising 0.19% to trade at 1.3359.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 shed 0.25%, France’s CAC 40 dipped 0.3%, Germany's DAX fell 0.2%, while London’s FTSE 100 eased down 0.25%.