Eurozone investor confidence rose to the highest level in nearly seven-and-a-half years in April, amid signs of strengthening in the euro area economy, survey data from the think tank Sentix revealed Tuesday.
The investor confidence index for Eurozone climbed to 20 from 18.6 in March. The latest score was the highest since August 2007.
The survey was conducted between April 2 and 4, among 953 investors, of which 235 were institutional.
The current conditions index rose to 9 from 6.5, marking its highest score since July 2011. Meanwhile, the expectations measure held steady at 31.5, its highest level since February 2006.
The quantitative easing by the European Central Bank as well as the weak euro both boosted sentiment, while the ongoing negotiations between Greece and its lenders did not hurt confidence significantly.
However, German investor confidence dampened in April and the index fell to 31.4 from 39.5 in March. It was the biggest fall since August last year. Both the current conditions as well as the expectations components declined in April.
Globally, investor confidence weakened in April, the survey showed. A stable US dollar weighed on the U.S. economy, while sentiment across rest of the world was broadly stable.
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