German investor sentiment hits 22-month low: ZEW

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FRANKFURT (Oct 14): Investment sentiment in Germany fell to its lowest level in nearly two years in October amid concerns about the economic fallout from geopolitical crises and lower-than-expected growth, a survey found on Tuesday.

The widely watched investor confidence index calculated by the ZEW economic institute fell by 10.5 points to minus 3.6 points in October, its lowest level since November 2012, and the first time since then that it has been in negative territory, ZEW said in a statement.