Eurozone investor confidence improves in June
Eurozone (FEZ) investor confidence showed a strong recovery in June 2016. It stood at 9.9 in June, compared with 6.2 in the previous month. It beat the market expectation of 7.1. It is one of the leading indicators of the economy.
Investor confidence index
The Sentix Investor Confidence Index is based on the results of surveys of approximately 2,800 analysts and investors. It shows investors’ sentiments towards business conditions. The index’s strong performance is a good sign for the Eurozone’s (EZU) (HEDJ) economy.
The higher numbers indicate that the investor sentiment supported the Eurozone economy in June. The economy has faced various challenges in the recent years. Low economic growth and deflation were major concerns for the economy. The possible exit of Britain (EWU) from the European Union could hamper the performance of both the Eurozone and Britain.
Alexander Dryden, global market strategist at JPMorgan Asset Management, recently spoke about his bullish views on Europe in an interview on Bloomberg Television. He said that Europe’s economic indicators are changing. Domestic consumption and retail spending are rising and unemployment is falling, which indicates that the domestic economy is growing. However, overseas (ACWI) (VTI) demand is flat. He is confident about the economy. In the next part of this series, we’ll look at our expectations for some indicators in the next week.