The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany's ZEW economic sentiment index climbed to 10.4 in November from 1.9 in October, exceeding expectations for a rise to 6.0.

The assessment of the current situation in Germany fell by 0.8 points to 54.4 points.

"The outlook for the German economy is brightening again towards the end of the year. Economic pessimism appears not to have increased after the terror attacks in Paris. The currently high level of consumption in Germany, the recent decline in the external value of the euro, and the ongoing recovery in the United States are likely to bolster the robust development of the German economy," the ZEW President Clemens Fuest.

Eurozone's ZEW economic sentiment index decreased to 28.3 in November from 30.1 in October, missing expectations for an increase to 35.2.

The assessment of the current situation in the Eurozone rose by 1.2 points to -10.0 points.