Investors and consumers in Europe starting 2018 cheery - ANZ

Analysts at ANZ explained that both investors and consumers in Europe have started 2018 in a cheery mood. Eurozone consumer’s sentiment index rose to 1.3 in January and is now eyeing up its all-time record in late 2000. 

Key Quotes:

"Continued improvements in the labour market and increases in equity prices seem to have trumped other factors, such as political uncertainty in Germany and Spain and rising fuel prices. Elsewhere Germany’s ZEW survey came in at an eight month high."

"The current conditions jumped to a record high of 95.2 and future expectations rose to 20.4 too. The rise likely reflects strong export prospects for German firms both within Europe and further abroad. This superseding political uncertainty, a stronger Euro and oil prices for now."