Title: Decline in German Investor Sentiment in July

The ZEW Economic Research Institute stated today, Tuesday, that "German investor sentiment has sharply declined in July." The head of the institute, Achim Wambach, mentioned that "financial market experts expect further deterioration in the economic situation by the end of this year." He added that "the rise in short-term loan interest rates in the Eurozone and the United States, along with weak export markets like China, are the main reasons for the negative outlook." The institute's economic sentiment index recorded a reading of minus 14.7 points, down from minus 8.5 points in June.