FRANKFURT -- Confidence among German investors inched up in May, a regular survey showed Tuesday, buoyed by optimism for the future of the eurozone following Emmanuel Macron's election to the French presidency. The ZEW economic institute's headline index measuring economic expectations for the coming months added 1.1 points to reach 20.6, in a marked slowdown a 6.7-point leap in April. ZEW president Achim Wambach noted that a strong reading for German economic growth in the first quarter had confirmed a widespread good mood in financial markets and business surveys. "Prospects for the whole eurozone are also gradually improving, further reinforcing the economic environment for German exports," he added. The institute's separate index measuring expectations for the 19-nation single currency area leapt 8.8 points, to 35.1.

Source: The China Post May 16, 2017 09:56 UTC