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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