German Dax looks set to finish higher as confidence lifts

<p>The Dax index looks set to close higher as German investor confidence lifts.</p>

The Dax index in Frankfurt looks set to finish the day's trading higher today (December 11th) on buoying news that Germany's economists and investors are more positive about the country's outlook.

According to the ZEW Center for European Economic Research in Manheim, an index of expectations with regard to the largest economy in Europe climbed to 6.9 points from a dismal minus 15.7 in November, while economists at Bloomberg had only anticipated it to rise to minus 11.5 points.

However, economists still anticipate Germany's gross domestic product will contract in the fourth quarter of 2012 as the eurozone sovereign debt crisis rumbles on, but the ZEW survey suggests a bounce back in early 2013.

This follows last week's sobering news that the Bundesbank has projected growth in Germany in 2013 will be just 0.4 per cent.

At 16:40 GMT, the Dax advanced by 0.7 per cent to an index value of 7587.8 points.

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