Germany's investor confidence improved further at the start of the year to its highest level in four months, defying expectations for a weakening, survey data from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment for Germany rose to -15.0 points from -17.5 in December, the Mannheim-based think tank said. Economists had forecast the index to ease to -18.5.
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