Eurozone Investor Confidence Rises Marginally

Eurozone investor confidence rose marginally in May but the current situation fell to a record low due to coronavirus pandemic, survey data from the behavioral research firm Sentix showed Monday.

The headline Sentix investor confidence index rose to -41.8 in May from -42.9 in the previous month. Nonetheless, this was below economists' forecast of -33.5.

The current situation index declined to a record low 73.0 from -66.0 in April. Meanwhile, the expectations index rose to -3.0 from -15.8 a month ago.

"We are at the beginning of a stabilisation phase, which is already clearly visible in Germany and especially Austria," Sentix said.

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