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Eurozone: Sentix investor confidence is in positive territory for the first time in 27 months

The Eurozone Sentix investor confidence has risen almost four points in June, rising to 0.3 from -3.6 in May. This is the first positive reading for the indicator after twenty-seven consecutive months in negative, specifically since February 2022.

The eurozone Sentix economic index continued its recovery in June, showing its eighth consecutive increase.

According to the statement, the economic recovery also continues in Germany, although in slow motion. At -26.3 index points, the situation remains weak, while expectations struggle to recover to +2.3 points.

At the international level, the “Asia without Japan” region is convincing. The expectations component rose for the eighth consecutive time to 19.5 points. Latin America and Eastern Europe are also slowly improving. US stocks maintain their expansion level.

Euro reaction

The EUR trades lower this Monday, weakened after the results of the European elections, as the extreme right advances in Europe, causing in France a call for early elections called last night by Emmanuel Macron. At the time of writing, EUR/USD is trading above 1.0757, losing 0.42% on the day, although it previously fell to one-month lows at 1.0748.

Source: Fx Street

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