German investor confidence tumbles into negative territory: ZEW

Frankfurt am Main (AFP) – Investor confidence in Germany plunged into negative territory in April for the first time in almost two years, a key survey showed Tuesday, as geopolitical concerns and trade tensions weighed on Europe’s top economy.

“The reasons for this downturn in expectations can mainly be found in the international trade conflict with the United States and the current situation in the Syrian war,” ZEW chief Achim Wambach said in a statement, as the institute’s monthly barometer fell to -8.2 points.