ZEW: a significant improvement in economic expectations in Germany

Economic expectations in Germany are surpassing all expectations in February. After the presentation of the data the euro has strengthened and European share prices have increased.

According to the datas of the Mannheim-based ZEW economic research institute published on Tuesday, the economic indicator is improving constantly for three months and it is the highest since April 2010: 48.2 points in February 2013. This is 16.7 points higher than the January data. Analysts expected only 35 points. (MTI)