The latest statistics from the Sentix research group revealed that investor sentiment in the Eurozone continued to rise in July.
The index increased to 29.8 in July from 28.1 in June, compared to a forecast of 30.0. On reopening optimism, the index rose for the seventh month in a row.
In the reported month, the Sentix current circumstances index increased to 29.8 points.
Expectations in Euroland dropped to 29.8 points.
“The substantial investments by member states, underpinned by a continually expanded monetary policy by the European Central Bank, maintained the eurozone economy during lockdowns,” stated Manfred Huebner, Managing Director of Sentix.
“In the last 12 months, this has primarily aided manufacturing. As limitations are lifted, services and commerce are now on the rise as well “Added he.
As EUR/USD flirts with day highs of 1.1873 amid a continuation of the US dollar’s decline, the shared currency shrugs the gloomy Eurozone Sentix data.
At the time of writing, the spot is trading at 1.1869, which is a relatively flat price.
Sentix Investor Confidence is a monthly poll of 1600 financial analysts and institutional investors that displays market sentiment on the present economic condition and expectations for the coming semester. Sentix GmbH created the index, which is made up of 36 separate indicators. A greater number is usually regarded as positive for the Eurozone, implying that the Euro is bullish, whilst a lower number is regarded as negative or bearish for the single currency./n
