- Eurozone investors’ morale continues its recovery momentum in April.
- EUR/USD keeps losses below 1.0850 after the upbeat Eurozone data.
The Eurozone Sentix Investor Confidence Index rose from -10.5 in March to -5.9 in April, the latest survey showed on Monday, hitting the highest level since February 2022.
The Expectations Index in the Eurozone rose from -2.3 in the previous month to 5.0 in April.
The index on the Current Situation also increased to -16.3 in April from -18.5 in March, registering the sixth consecutive month of increase.
Key takeaways
“Will there finally be a sustainable economic upturn? At least the economic recovery in the eurozone and worldwide is continuing.”
“The economic signals are also stabilizing internationally.”
“While expectation values for Germany had improved to their highest level since February 2022, Europe’s biggest economy “remains the relative problem child of the major industrialized nations”.
Market reaction to the Eurozone Sentix data
EUR/USD is consolidating losses near 1.0830 despite the encouraging Eurozone data. As of writing, EUR/USD is down 0.06% on the day.
Source: https://www.fxstreet.com/news/eurozone-sentix-investor-confidence-index-climbs-to-59-in-april-vs-105-prior-202404080831