Increase in investors’ confidence in the Eurozone
The index of investor confidence in the euro zone rose to -12.6 points in October from -14.6 points in September. This is the highest value of the index of July 2008, it is clear from the data of the research institute Sentix. Economists had predicted a slightly stronger growth of the barometer of investor confidence to -12 points. The index recorded a monthly increase for the seventh last eight months under the influence of expectations that Europe’s economic situation will improve. Moreover, the uncertainty of investors regarding the U.S. economy has disappeared. Increases significantly and their assessment for developing economies, particularly those from Latin America. The study of Sentix was conducted in early September, among the 3 thousand individual and institutional investors. It reveals that their optimism for the future is growing again because of the expectations index rose by 5.75 points to 5.5 points for September. Assessment of current economic conditions rose to -29.25 to -32.75 points points.
Meanwhile, the final data of the research institute Markit confirmed that the service sector in the euro area has taken account of its first growth in the past 16 months in September. The index of business activity rose to 50.9 points in September to 49.9 points in August. Market analysts expected that final data will coincide with the estimate of growth to 50.6 index points. Value above 50 means that the sector recorded growth. His rise is due to the greatest degree of recovery of the service sector in France, followed by one in Germany and Italy. The euro advanced 0.4 percent compared with the U.S. dollar since the beginning of today’s foreign exchange session. At 12:20 pm local time on One euro is exchanged for 1.4634 U.S. dollars. Analysts believe that the eurozone economy surged in the third quarter. In this week’s expected interest rate decision from the European Central Bank.
Tags: confidence, Europe, eurozone, France, Sentix