Eurozone Sentix Investor Confidence Index rises to -16.8 in December vs. -14.4 expected
- Eurozone investors’ morale improved for the third straight month in December.
- EUR/USD holds recovery near 1.0875 after the Eurozone data.
The Eurozone Sentix Investor Confidence Index improved to -16.8 in December from -18.6 in November, the latest survey showed on Monday. The market consensus was for a -14.4 reading.
The Expectations Index in the Eurozone also rose to -9.8 from -10.0 in the previous month.
Commenting on the survey's findings, Sentix Managing Director Manfred Huebner said “Germany struggled to keep up with even these moderate improvements, with expectations in the euro zone's largest economy consistently low.”
"So far, there are no signs of a new upswing in any region. Opportunities for this could arise at the start of the year," he added.
Market reaction
EUR/USD is holding the recovery near 1.0875 despite the improvement in the Eurozone data. As of writing, the EUR/USD pair is marginally lower 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.
