German investor morale rebounds

Confidence among investors in Germany jumped in January, according to figures published Tuesday, shaking off concerns about global supply chain disruptions and the spread of the Omicron variant.

The ZEW institute's monthly barometer measuring economic expectations rose 21.8 points to 51.7 to begin the new year despite difficult circumstances.

Investors assessment of the current economic situation dipped, down 2.8 points to minus 10.2, after Europe's largest economy more than likely shrank in the last quarter of 2021.

The period of economic weakness "should soon be overcome", ZEW president Achim Wambach said.

The German economy has been beset by supply disruptions that held back production and growth.