"The announcement of imminent vaccine approvals makes financial market experts more confident about the future," ZEW President Achim Wambach said in a statement.
BERLIN: German investor sentiment rose in December on expectations that vaccines against the coronavirus will boost the economic outlook, a survey showed on Tuesday.
The ZEW economic research institute said its survey of investors' economic sentiment moved up to 55.0 from 39.0 in the previous month. That compared with a Reuters poll for a reading of 45.5.
"The announcement of imminent vaccine approvals makes financial market experts more confident about the future," ZEW President Achim Wambach said in a statement.
A separate gauge of current conditions decreased to -66.5 from -64.3 in the previous month.
That compared with a consensus forecast of -66.0 points.
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