Eurozone Sentix Investor Confidence improves to -21.0 in Dec vs. -27.1 expected
|The Eurozone Sentix Investor Confidence index improved to -21.0 in December from -30.9 in November vs. -27.1 expected.
The current situation in the Eurozone rose to -20.0 points in December from -29.5 in November.
An expectations index jumped to -22.0 from -32.3, hitting its highest value since March 2022.
Key takeaways
"The surprisingly high gas levels and the continued stable labor markets are not consistent with a recession.”
"In our opinion, however, this correction in assessments should not be misinterpreted as a general trend reversal.”
"The dangers of recession have by no means been averted."
EUR/USD reaction
The shared currency picked up fresh bids on the upbeat Eurozone Sentix data. EUR/USD is trading at 1.0560, up 0.20% on the day.
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