Euro zone investor morale is steady, but expectations weaken

Euro zone investor morale is steady, but expectations weaken

In August, investor sentiment in the euro zone was steady, backed by sturdy current conditions, though future expectations weakened amid ascending worries as for the American economy as well as the potential impact of a widening auto emissions scandal.

In July, the Frankfurt-based Sentix research group's euro zone index slumped from 28.3 points to 27.7 points, which is in line with the mid-range prediction of 27.8 in Reuters survey of financial experts.

However, in July, expectations went down from 19.8 points to 16.0 points, which is in line what the group dubbed a worrying indication.

Expectations are heading south around the globe, led by America, where they sank for a fifth straight time.

The index for Germany slid for a third consecutive month, diving from 37.5 to 33.2 the previous month, with hopes collapsing from 12.5 to 5.75 points in July amid ascending concern as for the emissions scandal, which impacts some big German car makers.

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