Forex News – Investor confidence in the euro zone fell less-than-expected in October but remained in negative territory as concerns over the region’s debt crisis weighed, industry data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence fell 3.1 points to minus 18.5 in October, down from September’s reading of minus 15.4.
Analysts had expected the index to fall by 3.8 points to minus 19.2 in October.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD jumping 1.23% to trade at 1.3542.
Meanwhile, European stock markets edged higher after the open. The EURO STOXX 50 rose 0.35%, France’s CAC 40 added 0.3%, the FTSE 100 advanced 0.35%, while Germany's DAX eased up 0.1%.
Monday, October 10, 2011
Euro zone Sentix investor confidence down less-than-expected
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