German Investor Confidence Wanes as Oil Darkens Growth Outlook

Investor confidence in Germany, Europe’s largest economy, waned for the first time in six months in April amid concern record oil prices will damp economic growth.

The ZEW Center for European Economic Research in Mannheim said today its index of institutional and analyst sentiment fell to 20.1 from March’s 36.3. Economists expected a decline to 33.3, according to the median of 40 forecasts in a Bloomberg survey