Eurozone investor morale hits two-year high - Sentix

8th Apr 2024 11:00

(Sharecast News) - Eurozone investor morale improved again in April, marking the sixth gain in a row, according to a widely watched survey published on Monday.

The Sentix index for the single currency block rose to -5.9 points in April from -10.5 in March, its highest level since February 2022, and beating forecasts of -8.5.

"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 stabilising internationally," Sentix said in a statement.

"The upturn is also gaining breadth internationally. Across all regions, with the exception of Austria, we are measuring improvements in the economic situation and expectations. The Milei effect in Latin America is likely to disappoint fans of Argentina's libertarian president so far."

"Although the economic momentum is moving in the right direction, it lacks momentum. This is probably still due in no small part to the relative weakness of the German economy."

The eurozone expectations index rose to 5.0 points in April from -2.3 points in March, a seventh consecutive month of rises and the highest value since February 2022.

Reporting by Frank Prenesti for Sharecast.com