- Sentix
Euro zone Sentix economic sentiment remained close to the ten-year high, a private survey showed on Monday. The Sentix Investor Confidence Index dropped 0.1 point to 28.3 in June, following a reading of 28.4 in the preceding month and beating forecasts for a decline to 28.1. In the last few days, market activity was determined by investors' fears over interest rate policy changes in the EU. With a strongly improved economic momentum in the Euro zone, investors' assessment of the current situation increased for the seventh consecutive time, reaching 37.3 points, the highest level in nearly 10 years. Though, the Sentix Economic Index for expectations was in the range between 19.8 and 21.0 points, staying confidently positive, as investors anticipated that the current trends would continue, with the economic growth eventually reaching its peak. Apart from that, the survey showed that investors' sentiment on the central bank's impact on the European bond market was pessimistic amid expectations for the bonds to be hit in the next months, as the ECB starts moving closer to monetary policy tightening.
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