Eurozone Feb Sentix Investor Confidence beats estimates with 5.2, EUR/USD uninspired
Investor confidence in the Eurozone deteriorated in February amid growing China coronavirus concerns and deepening German manufacturing recession, the latest data published by the Sentix research group showed on Monday.
The gauge dropped to 5.32 in February from 7.6 in January and against a reading of 4.0 expected. Last month, the investors’ morale had hit the highest since November 2018.
About Eurozone Sentix Investor Confidence
Among 1600 financial analysts and institutional investors, the Sentix Investor Confidence is a monthly survey that shows the market opinion about the current economic situation and the expectations for the next semester. The index, released by the Sentix GmbH, is composed by 36 different indicators. Usually, a higher reading is seen as positive for the Eurozone, which means positive, or bullish, for the Euro, While a lower number is seen negative or bearish for the unique currency.
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