Eurozone Sentix Investor Confidence Improves In November

Eurozone investor confidence rose for the first time since July, survey figures from the think-tank Sentix showed Monday.

The investor sentiment index rose to -11.9 in November from a 17-month low of -13.7 score seen in October.

While the assessment of the current situation deteriorated further, 6-month expectations improved for the first time this year in November.

The current situation index fell to -21.3, the lowest since August 2013, from -20 in October. Meanwhile, the expectations index climbed markedly to -2 in November from -7.3 in the prior month.

This improvement occurs against the backdrop of the European Central Bank confirming its aim to inflate its balance sheet to the level last seen at the beginning of 2012. Investors expect the Eurozone to benefit from a more dynamic global economy.

As both components remain in negative territory, the sentix indices still point to recessionary tendencies in the Eurozone, the think tank said.

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