Eurozone Sentix Investor Confidence improves to -21.0 in Dec vs. -27.1 expected

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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