The widely watched investor confidence index calculated by the ZEW economic institute fell 18. 5 points to 8. 6 points in August, its lowest level since December 2012, a ZEW statement said. "The disappointing showing in some European indices today can partially be attributed to some profit taking following the strong start to the week, while the disappointing ZEW figures will also be contributing to the decline," Craig Erlam, market analyst at Alpari traders, said.
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