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Economy And The Numbers

Eurozone Investor Confidence Softens Amid Iran Conflict

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
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Eurozone investor confidence weakened to a three-month low in March after the outbreak of the Iran war, raising concerns about the recent upturn seen in the currency bloc, a survey conducted by the behavioral research institute Sentix showed Monday.

After the third consecutive improvement, the investor confidence index dropped to -3.1 in March, in line with expectations, from +4.2 in February.

After returning to positive territory for the first time in February, the sentiment index hit a three-month low as the escalation of the Iran war weighed on global energy markets. Attacks on energy infrastructure and disruptions to shipping in the Persian Gulf are damping confidence, said Sentix.

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