Eurozone Sentix Investor Confidence turns positive to 0.9 in August
Eurozone’s Sentix Investor Confidence data, a key indicator of Investor morale, turns positive to 0.9 in August, the first time in five months. The sentiment data turned negative in March when the Middle East war started. The data also improved to -3.1 in July.
Eurozone investor confidence has turned positive in August for the first time in five months, according to the Sentix Investor Confidence data. The index, which stands at 0.9, was released by the Sentix GmbH and is based on a monthly survey of 1,600 financial analysts and institutional investors. The sentiment data was previously negative in March when the Middle East war began, but improved to -3.1 in July.
Despite this positive change, the Euro (EUR) experienced slight selling pressure after the data release, with EUR/USD trading near 1.1563. Among the 36 indicators that make up the index, a higher reading is generally seen as positive for the Eurozone, or bullish for the Euro, while a lower number is considered negative or bearish.
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