Market updates on July 16
Welcome to Tuesday!
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.
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