The mood among German analysts and investors improved more than expected in October, a survey showed on Tuesday, suggesting traders are more upbeat about the growth prospects of Europe's biggest economy.
Mannheim-based ZEW said its monthly survey showed a rise in its economic sentiment index to 6.2 points in October after an unchanged reading of 0.5 points the previous month. This was better than the Reuters consensus forecast for a reading of 4.3.
A separate gauge measuring investors' assessment of the economy's current conditions jumped to 59.5 points from 55.1 in September. This was also stronger than the Reuters consensus forecast which predicted a reading of 55.5.