German investors remain confident.

The German ZEW survey of investor confidence rose to 38.5 in June from 36.4 in May and topped consensus of 38.1; however, the current situation print fell to 8.6 from 8.9 and missed forecasts of 9.5. "The financial experts stick to their assessment: the German economy is likely to pick up speed" in H2, ZEW President Clemens Fuest said. "However, the results of the current survey indicate that the economy will improve rather slowly."