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Euro zone investor morale slightly up, but ‘turnaround looks different’
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BERLIN (Reuters) – Investor morale in the euro zone rose for a second consecutive month in November, though by slightly less than expected, as somewhat greater satisfaction with the current situation boosted the overall mood, a survey showed on Monday.
The Sentix index for the euro zone rose to -12.8 in November from -13.8 in October, falling slightly short of the forecast from analysts polled by Reuters of a rise to -12.5 this month.
The survey of 1,066 investors from Oct. 31 to Nov. 2 showed expectations stagnating at -3.8 points this month.
“A turnaround looks different,” the Sentix report said.
The current situation score for the currency union improved slightly to -21.5 in November from -23.3 last month.
Investor morale in Germany, Europe’s largest economy, also rose slightly this month for the second consecutive month, increasing to -29.8 from -31.5 in October, showed the survey.
“Even if the crisis cannot shock investors in Germany because they are already in a minor key, no positive turnaround scenario can be derived from this data,” the report said.
(Reporting by Friederike Heine, Editing by Miranda Murray)
Investor morale refers to the overall sentiment and confidence of investors regarding the financial market, which can influence their investment decisions.
The Sentix index is a measure that reflects investor sentiment in the euro zone, based on surveys of investors' expectations and current situations.
The current situation score assesses investors' perceptions of present economic conditions, which can impact their future investment strategies.
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