Sentix: Eurozone Investor Confidence the Lowest Since 2014
Escalation of trade conflicts, Italy's budget problem and the UK’s exit from the EU continue to influence investor morale in the Eurozone. Sentix research group said its Eurozone investor sentiment index fell to -0.3 in December from 8.8 in November. Economists had expected a fall to 8.1. The index has posted the lowest level since December 2014, and the fourth consecutive monthly drop.
Both the current conditions index and expectations measure dropped sharply in December. It was also reported, that a sub-index on current conditions fell to 20.0 in December from 29.3 in November. A sub-index on expectations fell to -18.8 from -9.8 the previous month, hitting its weakest level since August 2012.
Meanwhile, a separate index on investor morale in Germany fell to 7.2 in December from 15.6 in November.