The Sentix index of eurozone investor confidence improved to -30.9 in November from -38.3 in October, also improving the -35.0 expected by the market consensus. The index rebounded from its lowest level since March 2020 and posted its best result in three months.
The current situation in the Eurozone increased to -29.5 points in November from -35.5 in October.
The expectations index jumped to -32.3 from -41.0, reaching its highest value since June 2022.
Highlights
The rally “is not a trend reversal”.
“The rise in outlook and outlook values shows investors’ sensitivity in their economic expectations to signals from the energy market.”
“Gas prices plunged in response. Concerns about catastrophic gas shortages fading.”
EUR/USD reaction
The shared currency remains unimpressed by the upbeat Eurozone Sentix data. EUR/USD is trading at 0.9981, up 0.22% on the day, after facing rejection above parity.
Source: Fx Street
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