Eurozone investor sentiment rose sharply to the highest since May 2014 on the back of quantitative easing announced by the European Central Bank, survey data from the think tank Sentix showed Monday.
The investor confidence index for February rose to 12.4 from 0.9 in January. This was the highest score since May 2014 and far exceeded an expected score of 3.
The expectations index surged to a nine-year high in February. The index came in at 27.5, up from 13.5 in the previous month. The main driver of this development should have been the details on the coming QE programme by the ECB, given just recently, Sentix said.
At the same time, investors assess the current situation much better than last month showing that the economy is actually gaining traction. The current situation index improved to -1.8, the highest since August 2014, from -11 a month ago.
In Germany, overall investor confidence rose by 8.4 points to an all-time high of 35 in February. However, on the backdrop of the Swiss franc appreciation, investor confidence collapsed in Switzerland.
For comments and feedback: editorial@rttnews.com