Euro zone investor morale dips in November, Sentix survey shows
SPY•The Sentix euro zone investor morale index fell to 2.4 points in November from 2.7 in October, versus a 2.1-point forecast. Economic expectations weakened, while the German index rose 0.3 point to -3.3.
1. Euro zone sentiment dips
The Sentix index for the euro zone fell to 2.4 points in November from 2.7 points in October, compared with an analyst forecast of 2.1 points. The current situation subindex held at -3.3, while economic expectations fell 0.5 point to 8.3.
2. Recovery hopes fade
Sentix said hopes for a sustained recovery had been dealt a further blow, citing rising interest rates, high fuel prices and political uncertainty as drags on the economy. By contrast, Germany’s index rose 0.3 point to -3.3, indicating signs of stabilization.
3. Survey details
The survey included 1,025 investors, of whom 220 were institutional investors, and was conducted between November 5 and November 7.
