Eurozone Investor Confidence Falls To 4-Month Low

Eurozone investor confidence declined to a four-month low in June, survey data from the think tank Sentix showed Monday.

The investor confidence index fell to 17.1 in June from 19.6 in May. This was the lowest reading since February, when the score was 12.4.

The reading was above the expected score of 18.9. Nevertheless, it still signals an upturn for the currency area, it said.

The current conditions index dropped to 11.8 in June from 13 in May.

Likewise, the expectations measure came in at 22.5, down from 26.5 in the preceding month. This was the second consecutive drop in the score.

In Germany, economic momentum is slowing, the think tank said. The investor confidence index and its expectations sub-component fell for the third consecutive month in June.

Investors interpret the current combination of a stronger euro, a fading global economic strength and higher long-term yields as a brake which primarily affects Germany.

The investor confidence index for Germany slid to 26.8 in June from 28.2 a month ago. Globally, the indicator dropped slightly to 14.6 from 15 in May.

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