- Eurozone investor morale deteriorates sharply in July.
- EUR/USD remains range bound below 1.0850 despite downbeat Eurozone data.
He Sentix Investor Confidence Index Eurozone inflation fell sharply from 0.3 in June to -7.3 in July, according to the latest survey published on Monday.
The Eurozone Expectations Index fell from 10.0 in June to 1.5 in July.
The Current Situation Index also decreased to -32.3 in July from -26.3 in June.
Key points
The results are a “bitter setback.”
“The recent recovery of the European economy has come to an abrupt end.”
“The survey said investors were concerned about the French election, upcoming German state elections and uncertainty over the US presidential election later this year.”
Market reaction to Sentix Eurozone data
EUR/USD EUR/USD remains higher near 1.0830 despite disappointing Eurozone data. At the time of writing, EUR/USD is up 0.05% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
