FOREX TradingCharts.com

Financial News: Eurozone Investor Confidence Highest Since February 2018 -

Eurozone Investor Confidence Highest Since February 2018 - Sentix

07/05/2021 - 05:44:00 (RTTNews)

(RTTNews) - Eurozone's investor confidence improved for a fifth month in a row in July to its highest level in nearly three-and-a-half years amid the rebound in economic activity as economies re-open after restrictions linked to the coronavirus pandemic were relaxed. The eurozone investor confidence index rose to 29.8 from 28.1 in June, survey data from the think tank Sentix showed Monday. Economists had forecast a score of 30.0. The latest reading was the highest since February 2018. The survey was conducted from July 1 to July 3 among 1,114 investors. The current situation index of the survey also rose for a fifth straight month. The reading climbed to 29.8, its highest level since October 2018. Meanwhile, the expectations index fell to 29.8 from 35.3. The latest score was the weakest since December 2020. "We are approaching a certain point of "maximum momentum" in the short term," Sentix said. "For the economy as a whole, this is not yet a worrying decline," the institute added. However, the equity markets, which are very much focused on investor expectations, could see increased volatility due to this development, Sentix said.

The institute pointed out that when similar phases occurred in 2006 and 2010, interim stock market corrections of around 10 percent followed.

Further, Sentix said there is no sign of a turn away from the expansive monetary policy from the ECB. That said, the institute drew attention to the inflation barometer that remains clearly in negative territory at -38.25, underscoring the danger of further rising inflation rates in a globally increasingly synchronized, strong economic upswing.

The survey also showed that the investor confidence index for Germany also increased for a fifth month in a row to its highest level since February 2018. The situation index rose for a fourteenth straight month, while the expectations measure weakened to an eight-month low.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal GDP Rebounds In Q2 (04 hr(s), 32 min(s) ago)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story»

Austria Economy Rebounds In Q2 (04 hr(s), 50 min(s) ago)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story»

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July (05 hr(s), 59 min(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July (06 hr(s), 20 min(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story»

Italy GDP Growth Accelerates In Q2 (07 hr(s), 16 min(s) ago)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story»

U.S. Personal Income Unexpectedly Inches Higher In June (07 hr(s), 23 min(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Eurozone Economy Bounces Back From Pandemic Driven Downturn (07 hr(s), 31 min(s) ago)
(RTTNews) - The euro area economy recovered in the second quarter, after two straight quarters of ...Full Story»

U.S. Personal Income Unexpectedly Inches Up 0.1% In June (08 hr(s), 02 min(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal GDP Rebounds In Q2

07/30/2021 - 12:07 PM (RTTNews)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story>>

Austria Economy Rebounds In Q2

07/30/2021 - 11:49 AM (RTTNews)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story>>

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July

07/30/2021 - 10:40 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July

07/30/2021 - 10:19 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story>>

Italy GDP Growth Accelerates In Q2

07/30/2021 - 09:23 AM (RTTNews)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.