Mario Draghi, president of the European Central Bank (ECB), pauses as he speaks during a news conference to discuss monetary policy in Tallinn, Estonia, on Thursday, June 8, 2017. TheECBs challenge of the day is to weigh improvements in economic growth against the lack of convincing inflation pressure. Photographer: Peti Kollanyi/Bloomberg
FRANKFURT: German investor confidence unexpectedly dropped in June in a sign that exaggerated optimism in Europe’s largest economy is beginning to moderate.
The ZEW Center for European Economic Research in Mannheim said that its index of investor and analyst expectations, which aims to predict economic developments six months ahead, fell to 18.6 from 20.6 in June.
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