German Investor Confidence at 42 Month High

Europe showing signs of recovery

Confidence among German investors surged to its highest level in three and a half years in October as the economy began to turn the corner with Europe showing signs of recovery, a survey by the Center For European Economic Research or ZEW revealed Tuesday.

The ZEW indicator of economic sentiment increased to 52.8 in October from 49.6 in September, the Mannheim-based think tank said. The index reading was the highest since April 2010.