News Column

Eurozone Sentix Investor Confidence Unexpectedly Rebounds In July

July 7, 2014

VIENNA (Alliance News) - Eurozone investor sentiment recovered in July, after weakening in the previous two months, led by an improvement in economic expectations, survey figures from the think-tank Sentix showed Monday.

The Sentix indicator rose to 10.1 from June's 8.5. Economists had forecast a lower score of 7.7.

The economic expectations index climbed to 18.3 from 17 in the previous month and equaled May's score. The index rose for the first time in five months.

The improvement in expectations could be partly due to the interest rate cut and liquidity measures announced by the European Central Bank, the survey said.

The current situation index of the survey moved up strongly to 2.3 from 0.3. In May the score was as high as 7.5%.

The sentiment index for Germany rose to 29 from 28.8 and the one for the global economy climbed to 17.9 from 14.9. The latest score for the global economy was the highest since January and was largely driven by improved investor sentiment towards the USA, Japan and rest of Asia.

The index for the US rose to 29.3 from 25. The overall index rose to the highest level since February 2004.

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Source: Alliance News

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