Brexit fears send German investor sentiment to four-year low

The German investor confidence index calculated by the ZEW economic institute plunged by a bigger-than-expected 26 points to minus 6.8 points in July, its lowest level since November 2012Investor confidence in Germany fell to its lowest level in nearly four years in July on concerns about the fallout from the British vote to quit the European Union, a leading survey showed on Tuesday. The investor confidence index calculated by the ZEW economic institute plunged by a bigger-than-expected 26 points to minus 6.8 points in July, its lowest level since November 2012, the think tank said in a statement. “The Brexit vote has surprised the majority of financial market experts.

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