European Union and Institutional Investors

economic uncertainties: Brexit not really a headache He noted that while general economic uncertainties, including a possible UK exit from the European Union after the June 23 referendum, could not be brushed aside, institutional investors in Europe powerhouse seemed to remain largely unfazed, according to Deutsche Welle. The June reading suggested that analysts were counting on strong domestic consumption, as exports might be hit by the economic slowdown in some emerging economies. The surge marked the barometer highest level since September 2015 and sharply contradicted a Reuters poll among investors which had penciled in a tangible drop for June. "The improvement of economic sentiment indicates that the financial market experts have confidence in the resilience of the German economy," ZEW President Achim Wambach said in a statement. For its monthly barometer, ZEW officials question over 200 leading analysts and investors across the country. hg/cjc (news.financializer.com). As reported in the news.