On Monday, Sentix reported that its investors confidence index decreased more than expected. Sentix Eurozone investor confidence index fell to minus 22.2 on a seasonally adjusted basis in September, compared to the reading of minus 23.3 in August. Analysts, however, expected that investor confidence would decline at a more modest pace, with the index equal to minus 20.8.
"There were plenty of reasons for this: the constitutional court in Germany gave the ESM (European Stability Mechanism) the green light, the U.S. Federal Reserve began a third quantitative easing programme and the Bank of Japan also announced additional bond buying," Sentix said.