By Reuters Staff
3 Min Read
BERLIN (Reuters) - Investor morale in Germany rose beyond even the most optimistic forecast in February on expectations consumption will take off in the coming months, the ZEW economic research institute said on Tuesday, buoying the outlook for Europe’s largest economy.
FILE PHOTO: Kaufinger Strasse stores are seen closed due to the coronavirus disease (COVID-19) pandemic in Munich, Germany, February 5, 2021. Picture taken February 5, 2021. REUTERS/Michaela Rehle/File Photo
The ZEW said its survey of investors’ economic sentiment showed a rise to 71.2 points from 61.8 the previous month. A Reuters poll had pointed to a fall to 59.6, and the February reading surpassed even the highest forecast, of 68.0.
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NAIROBI, Feb 16 (Reuters) - The Nairobi Securities Exchange expects new listings to pick up this year, with four new companies expected to list, plus a cross-listing from another market, its chief executive officer said on Tuesday.
The exchange serves as an entry point for foreign investors looking for exposure to East Africa’s fast-growing economies, and is among the continent’s fifth biggest by market capitalisation alongside South Africa, Egypt, Nigeria and Morocco’s bourses.
The exchange is also among the top three constituents of the MSCI’s Frontier Markets Index.
Chief Executive Officer Geoffrey Odundo said the exchange expects to list two companies from Ibuka, its incubator platform that prepares young firms for listing.
Oil prices close to 13-month highs, supported by Texas cold snap (Updates with midday U.S. markets activity; changes byline, dateline, previous LONDON)
Greece’s reform of its hard-hit financial sector is taking a hazy turn. On the eve of a big recapitalisation of Piraeus Bank, the head of its largest shareholder, the Hellenic Financial Stability Fund, abruptly quit. While running the fund, which has stakes in Greece’s four.