BCN-11 German investor morale plummets on trade fears: ZEW

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ZCZC

BCN-11

GERMANY-ECONOMY-INDICATOR-INVESTMENTS

German investor morale plummets on trade fears: ZEW

FRANKFURT AM MAIN, Oct 16, 2018 (BSS/AFP) – German investor confidence
plunged sharply in October, the ZEW economic institute said Tuesday, as
German export firms fret over a worsening trade spat between China and the
United States.

The ZEW’s closely-watched monthly barometer fell by 14.1 points to -24.7,
the steepest drop recorded since Britain voted to leave the European Union in
July 2016.

BSS/AFP/MR/ 1516 hrs