BERLIN: Investor morale in the euro zone rose more than expected in January, hitting its highest level since February due to growing confidence about a successful vaccination strategy to tackle the coronavirus pandemic, a survey showed on Monday.
Sentix’s index for the euro zone climbed into positive territory for the first time in almost a year, reaching 1.3 from -2.7 in December. A Reuters poll had pointed to a reading of 0.7.
The expectations index rose to an all-time high of 33.5 from 29.3 while the current situation index came in at -26.5, its highest level since March and compared to -30.3 in December.
In a statement, Sentix said the overall index reading was surprising given the far-reaching restrictions on economic activity.
“Now that more vaccines have been approved, investors apparently expect a quick implementation of the vaccination strategy and thus a definitive end to the economic and personal freedom restrictions,” Sentix said in a statement.
Sentix surveyed 1,168 investors from Jan. 7 to Jan. 9.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Read all the Latest News, Breaking News and Coronavirus News here
Comments
0 comment