Euro zone investor morale reaches 10-year maximum in October

Euro zone investor morale reaches 10-year maximum in October

In October, investor sentiment in the euro zone tacked on more than anticipated, reaching a 10-year maximum in its first outcome since Germany held national elections just two weeks ago, as a poll disclosed on Monday.

The Frankfurt-based Sentix research group's euro zone index rallied to 29.7 points versus September’s reading of 28.2. The October outcome confounded a consensus forecast of 28.5 in a Reuters survey of experts.

Investors generally appreciated the euro zone's current conditions, with a sub-index soaring to 41.8 versus September’s reading of 39.8.

The first economic test after the German parliamentary elections is considered to be successful by experts.  The global economic engine keeps gaining strength.

Hopes for economic developments in the euro zone went up to 18.3, adding from 17.3.

Nevertheless, experts point to considerable potential for disappointment given a currentl power vacuum in Berlin.

 

Similar

British retailers benefit from bumper Black Friday sales

In November, UK shoppers derived benefits from electrical goods as well as other Black Friday bargains, providing a suddenly big boost to retail sales that contrasted with earlier indications of a subdued start to Christmas spending…

China lifts market rates to tame financial risks

On Thursday, China's major bank had money market rates lifted because the government sought to diminish financial risks without affecting the national economy, as activity was still broadly firm…

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera