Eurozone Sentix Investor Confidence Index rises to -16.8 in December vs. -14.4 expected
|- Eurozone investors’ morale improved for the third straight month in December.
- EUR/USD holds recovery near 1.0875 after the Eurozone data.
The Eurozone Sentix Investor Confidence Index improved to -16.8 in December from -18.6 in November, the latest survey showed on Monday. The market consensus was for a -14.4 reading.
The Expectations Index in the Eurozone also rose to -9.8 from -10.0 in the previous month.
Commenting on the survey's findings, Sentix Managing Director Manfred Huebner said “Germany struggled to keep up with even these moderate improvements, with expectations in the euro zone's largest economy consistently low.”
"So far, there are no signs of a new upswing in any region. Opportunities for this could arise at the start of the year," he added.
Market reaction
EUR/USD is holding the recovery near 1.0875 despite the improvement in the Eurozone data. As of writing, the EUR/USD pair is marginally lower on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.