Euro zone market sentiment keeps going up

Euro zone market sentiment keeps going up

In October, euro zone economic market sentiment edged up for the fifth consecutive month, thus demonstrating its highest outcome since the beginning of 2001. It demonstrated nearly no impact from the Catalan crisis. That’s what European Commission data disclosed on Monday.

The near 17-year maximum, the highest value since January 2001, exactly when the bursting of the "dot-com bubble" had started hitting confidence in the euro zone, evidently confirmed the sturdy economic revival of the EU after a decade-long economic as well as financial crisis.

As the monthly poll disclosed, sentiment in the euro zone tacked on more than anticipated on average by market experts surveyed by Reuters. In October, it gained from 113.1 to 114.0 points.

Confidence greatly rose in Germany, which is the bloc's number one economy. Additionally, it gained in Italy, while it slumped in France.

Notwithstanding the uncertainty surrounding the Catalan crisis, market sentiment also improved in Spain, with marked leaps in the industry as well as services sectors. However, confidence went down in the country's retail sector and also among consumers.

Similar

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Latest news

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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