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Alt 13-08-19, 13:53   #1
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Standart German investor confidence sags over trade conflict, Brexit

An indicator of investors' view of the German economy fell to its lowest since December 2011 amid concerns about the U.S.-China trade conflict, the chance of a disorderly Brexit and a possible competition among countries to devalue their currencies. The ZEW institute's indicator of economic sentiment fell to minus 44.1 points in August, down by 19.6 points from July and well below the ZEW's long-term average of plus 21.6 points. ZEW President Achim Wambach said Tuesday the results "show a significant worsening of the outlook for the Germany economy." He cited the trade dispute between the U.S. and China.



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