The German ZEW expectations index for German investors rose to -18.2 from -25.5 in September, boosted by details of the European Central Bank's bond-buying program Economists had forecast a stronger rise to -17.0
The ECB's Sept. 6 announcement of a detailed plan to buy government bonds, "which is a problematic decision, might nevertheless have contributed to the improvement of the economic sentiment," said Wolfgang Franz, president of the Mannheim-based Center for European Economic Research, or ZEW
Meanwhile, the current conditions index dropped to 12.6 from 18.2 in August
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