ZEW German sentiment higher than expected in March…

Tuesday, 13 March 2012 01:36

A German ZEW economic sentiment climbed significantly in March, to reach the highest level in almost two years. As report says indicator grew to 22.3 points, from only 5.4 in February. Economists estimated a reading of 10.6 points in March.

 Investor sentiment in whole Euro zone also improved more than expected- from negative 8.1 points in February to positive reading of 3.8 points in March.

 US dollar remained higher against euro, with couple traded at 1.3109 early afternoon.