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In June, investor sentiment in the euro zone tacked on to its highest value in almost a decade, backed by upbeat economic reports from the single currency bloc, as a survey disclosed on Tuesday.
The Frankfurt-based Sentix research group's euro zone index inched up to 28.4 points from May’s outcome of 27.4, thus reaching its highest value since July 2007. June’s result managed to surpass the consensus for a result of 27.5 in a Reuters survey of experts.
Market participants considered the euro zone's current conditions to be favorable enough, with a sub-index soaring 36.0 from 34.5 in May.
The evaluation of the current situation goes up to the highest value since January 2008, stressing that it’s not merely ephemeral expectations, but extremely hard data, powering the upswing in the eurozone, as Sentix told in a statement.
Hopes for economic developments in the euro zone soared from 20.5 to 21.0.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
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