Eurozone Sentix Investor Confidence edges higher to -16.4 in May

Eren Sengezer FXStreet

Investor morale in the Eurozone improved slightly in May, with the Sentix Investor Confidence Index edging higher to -16.4 from -19.2 in April.

Key takeaways via Reuters

"The index for the German economy, Europe's largest, bucked the trend, fell to -30.9 from -27.7 in April."

"Germany "finds itself not only in a government crisis but also in a distinct economic trajectory of its own," Sentix said."

"Expectations rose to -11.3 points from -15.5 the previous month, while the index measuring the current situation rose to -21.5 from April's -22.8."

Market reaction

EUR/USD showed no immediate reaction to this report and was last seen trading virtually unchanged on the day at around 1.1720.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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