Further improved expectations signal trend reversal

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The composite index for Euroland rises in October for the second time in a row. Once again, the positive development in expectations is the supporting pillar for the improvement in the composite index. Expectations have even risen for a third time in a row, signaling a trend reversal. This pattern can also be found in the Global Index. For Germany, we find a special phenomenon: the doubters are currently the institutional investors, beforehand, they were to be found amongst private investors.

Full report October 2012

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