Eurozone Sentix Investor Confidence edges higher to -16.4 in May
Investor morale in the Eurozone improved slightly in May, with the Sentix Investor Confidence Index edging higher to -16.4 from -19.2 in April.
Key takeaways via Reuters
"The index for the German economy, Europe's largest, bucked the trend, fell to -30.9 from -27.7 in April."
"Germany "finds itself not only in a government crisis but also in a distinct economic trajectory of its own," Sentix said."
"Expectations rose to -11.3 points from -15.5 the previous month, while the index measuring the current situation rose to -21.5 from April's -22.8."
Market reaction
EUR/USD showed no immediate reaction to this report and was last seen trading virtually unchanged on the day at around 1.1720.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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