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Euro zone Sentix investor confidence hits 17-month low in October

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Investing.com -

Investing.com - Investor confidence in the euro zone for October deteriorated to the lowest level in 17 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 slumped to -13.7 this month, the lowest since May 2013, from a reading of -9.8 in September. Analysts had expected the index to decline to 11.5 in September.

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

EUR/USD was trading at 1.2942 from around 1.2545 ahead of the release of the data, while EUR/GBP was at 0.7854 from 0.7852 earlier.

Meanwhile, European stock markets remained higher. The DJ Euro Stoxx 50 rallied 1.6%, France's CAC 40 rose 0.4%, Germany's DAX jumped 1.3%, while London's FTSE 100 advanced 0.4%.

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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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