Eurozone June Sentix investor confidence grows

Investor confidence in the Eurozone improved less-than-expected in June, as re-opening up of the economies across Europe failed to boost the sentiment, the latest data published by the Sentix research group showed on Monday. Report informs citing the FXStreet.

The gauge improved to -24.8 in June from -41.8 in May and against a reading of -22.5 expected. The indicator improved to -24.8 in June from -41.8 in May and against a reading of -22.5 expected. It shows that the "economy is waking up from deep sleep."

"An economic upswing has begun in the Eurozone. From an unchanged weak situation (-61.5 points), expectations improve significantly to +21.8 points!, "Sentix Chief Manfred Huebner said.

"Germany has also bottomed out. Expectations are rising strongly to +27.3 points, the highest value since March 2015. Internationally, we are getting the same picture almost everywhere. The expectations are rising significantly. But how long will the path out of the recession be? We have shed more light on this in a special question!" Huebner added.

Among 1600 financial analysts and institutional investors, the Sentix Investor Confidence is a monthly survey that shows the market opinion about the current economic situation and the expectations for the next semester. The index, released by the Sentix GmbH, is composed of 36 different indicators. Usually, a higher reading is seen as positive for the Eurozone, which means positive, or bullish, for the Euro, While a lower number is seen as negative or bearish for the different currencies.