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Sentix Investor Confidence increased to 8.5

Monday, Oct 10 2016
Sentix Investor Confidence increased to 8.5

The October 2016 survey marked an important shift in the sentix indices data. In general, the moderate recovery path of the global economy continued. The economic momentum for the German, Chinese and the Latin American economy certainly marked a bright spot on the global landscape. Although the economic momentum is less dynamic for the euro area, investors remain confident. Besides short-term changes, the sentix Investment Theme Indices revealed significant developments in investors’ long-term perceptions on the global economy.

Economic indices for the euro zone continued to rise in October. The overall index for the euro zone climbed to +8.5 points. Expectations have hit the highest value since December 2015. Investors have strongly increased their economic expectations on a selective basis. Especially the sentix indices for Germany and Asia ex. Japan show a significant increased in expectations. Latin America’s turnaround continued to solidify. Economic Expectations improved to +10.75 points – highest value since January 2014.

 

Euro is currently being traded around 1.1170 level. Pair is likely to find support around 1.1130 area and resistance above 1.12 handle.

More in this category: « German Trade Balance surplus rose to 22.2 billion euros Business leaders warn Theresa May against 'hard Brexit' »

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