EconomyStockEuro zone investor morale deteriorates in October, Sentix says

2 years ago244 min
imageEconomy8 hours ago (Oct 05, 2020 07:35AM ET)

(C) Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels

BERLIN (Reuters) – Investor morale in the euro zone has deteriorated in October, ending five consecutive monthly improvements, a survey showed on Monday, signalling concerns about rising coronavirus infections.

Sentix’s index for the euro zone fell to -8.3 from -8.0 in September, compared with a Reuters forecast for a reading of -9.5.

The current situation index rose to -32.0 from -33.0 the previous month, reaching its highest level since March, when Germany instituted lockdowns and social restrictions to slow the spread of COVID-19.

The expectations index fell to 18.8 from 20.8, its lowest since May, indicating concerns about a possible spike in infections during the winter months.

Patrick Hussy of Sentix downplayed the significance of the slight drop in morale and said the survey did not reveal an imminent danger to the euro zone economy.

“The economic recovery in the euro zone is having a breather,” he said in a statement. “The data contain no noteworthy, short-term risk element. The expectations index is still at a high level despite the two-point drop.”

Sentix surveyed 1,085 investors from Oct. 1 to 3.

Euro zone investor morale deteriorates in October, Sentix says

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *