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Euro zone Sentix investor confidence hits 12-month low in August

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Investing.com -

Investing.com - Investor confidence in the euro zone for August deteriorated to the lowest level in 12 months, underlining concerns over the outlook for the region's economy, data showed on Monday.

In a report, market research group, Sentix said its index of investor confidence tumbled to 2.7 this month, the lowest since August 2013, from a reading of 10.1 in July. Analysts had expected the index to decline to 9.0 in August.

On the index, a level above 0.0 indicates optimism, below indicates pessimism.

Following the release of the data, the euro held on to modest losses against the U.S. dollar, with EUR/USD easing down 0.03% to trade at 1.3425.

Meanwhile, European stock markets remained mixed. The DJ Euro Stoxx 50 inched up 0.1%, France's CAC 40 advanced 0.25%, Germany's DAX dropped 0.4%, while London's FTSE 100 tacked on 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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