- Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Co
Eurozone investor confidence rose in September for the first time since March largely due to optimism surrounding the ECB's bond purchasing plan unveiled last week. Investor confidence rose by 7.1 points to minus 23.2 in September, up from minus 30.3 in the preceding month. Any level above 0.0 indicates optimism, below indicates pessimism.
"The ECB is saying I'm here to support you but I can only build a bridge for you," Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Co.
"The main reason for the general improvement in sentiment could well be ECB President Mario Draghi's continued assertive manner and his institution's intention, which is now concrete, to start buying crisis-stricken countries' bonds again soon if they fulfill certain conditions," Sentix said in a statement.
The Stoxx Europe 600 Index fell 0.22 per cent to 271.69. Germany's DAX Index slid 0.01 per cent to 7,213.70 and France's CAC 40 Index erased 0.37 per cent to 3,506.05.
© Dukascopy Bank SA