Eurozone Sentix Investor Confidence dropped to 2.7 in October from 5.1 in September, according to the monthly survey of roughly 1600 financial analysts and institutional investors published by Sentix GmbH. The reading, which tracks market opinion on the current economic situation and expectations for the next six months, came in below the prior month's level. The Euro showed little reaction to the data, with EUR/USD down 0.37% at around 1.1207 at press time, as the currency was driven instead by heightened French fiscal risks. A higher reading is typically seen as positive for the Eurozone and the Euro, while a lower number is viewed as negative for the single currency.
Eurozone investor confidence fell to 2.7, a negative signal for the Euro, though the article notes EUR/USD was driven instead by French fiscal risks.
Sentix GmbH is the publisher of the survey; the confidence drop reflects survey respondents' views, not a direct business impact on the firm.
