German investor sentiment improves again.

The ZEW index of German investor expectations has risen for the third month in a row in February, increasing to 48.2 from 31.5 in January and coming in well above consensus of 35. However, the current situation index unexpectedly fell to 5.2 from 7.1. Investors "have made their peace with the weak fourth quarter," says ZEW. "In their opinion the German economy faces fewer headwinds from the euro crisis than throughout the last months."