Germany's ZEW index of investor optimism rises

Associated Press

FRANKFURT, Germany (AP) — A survey of how investment professionals see Germany's economy rose in September after falling the previous four months.

The ZEW index rose to minus 18.2 from minus 25.5 the month before.

The index remains in negative territory, indicating financial markets expect German to lose momentum over the next six months.

ZEW institute head Wolfgang Franz said plans by the European Central Bank to intervene in bond markets and lower interest costs for indebted governments may have boosted optimism about the eurozone.

He said, however, that "the debt crisis is not solved yet, and the risks for economic activity remain."

The 17 states that use the euro face a crisis over too much debt in some countries that is weighing on economic growth.

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