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

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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