Eurozone Sentix Investor Confidence drops to 2.7 in October
Eurozone’s Sentix Investor Confidence data, a key indicator of Investor morale, comes in lower at 2.7 in October from 5.1 in September.
The Eurozone's Sentix Investor Confidence has declined to 2.7 in October, down from 5.1 in September. Despite being composed of 36 different indicators from 1,600 financial analysts and institutional investors, the index is a monthly survey that reveals market sentiment about the current economic situation and future expectations.
While a higher reading is generally considered positive for the Eurozone, indicating bullish sentiment for the Euro, a lower number is viewed negatively or bearish for the currency. The decline in the Sentix Investor Confidence has no apparent impact on the Euro (EUR) as the currency is currently being influenced by heightened French fiscal risks.
EUR/USD, however, has seen a 0.37% decrease to near 1.1207, after initially rebounding from earlier losses.
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