German Investor Confidence on the Rise

At pre-crisis high

Investor confidence about the German economy has surged to its highest level since before the eurozone crisis, according to a closely watched survey.

The ZEW sentiment index rose to a surprise 31.5 in January, a 32-month high, up from 6.9 in December.

The news prompted the euro to gain half a cent against the dollar to $1.335, on hope Germany may escape recession.