German business morale surges but third-quarter growth moderate

German business morale surged to its strongest in a year and a half in November, suggesting Europe's largest economy is gaining steam into the end of the year after growing by a modest 0.3 percent in the third quarter. The increase in the index, which had fallen in October, sent the euro higher and pushed German Bund futures lower. "Companies have got over the slight setbacks of last month in an ...