Sentix Investor Confidence increased to +15.7 points

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Monday, Dec 07 2015

Economic expectations for the Eurozone continue to rise contrary to the global trend. Amid slightly lower growth in global economic momentum, the Eurozone stands out. Explanations should be found in the latest ECB statement. The December round of ECB stimulus felt short of expectations, however, the embracement of ECB’s “whatever it takes massage” has worked yet again. Without more ECB stimulus the Eurozone would most likely be in accordance to the global outlook. The December sentix Economic Index for the Eurozone continues to rise.

The headline index gains +0.6 points to reach +15.7 overall. Increase to +17.2 points was predicted. Overall, the Eurozone outperforms other world regions as the ef-fects of ECB’s policy measures kick in. The remaining world regions depict signs of a slowdown. Japan slides back into recession. In contrast to Fed’s interpretations of the state of the economy, the sentix indicator for the US economy highlights a contrary view amid the preparations for the first rate rise.

Euro is currently being traded around 1.0820 area. Pair is likely to find support around 1.0780 handle and resistance above 1.0850 level. There will be no major data releases in the rest of the session.

More in this category: « German Industrial Production increased less than expected Sterling lower in a quiet Monday trade »

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