First eurozone investor confidence in 3 months
Sentix, which conducts market research and is headquartered in Frankfurt, announced November data for the general index of investor confidence in the euro area.
Consequently, the Eurozone General Investor Confidence Index, which was minus 38.3 points in October, rose 7.4 points to minus 30.9 points this month. The expectation for the index, which first rose in August 2022, was to rise to minus 35.
In the euro zone, the investor confidence index rose for the first time since August in November, due to expectations that the recent rise in temperatures and the fall in energy prices will prevent a gas crisis on the continent. this winter.
The Expectations Index, which measures investors’ expectations for the next 6 months, rose from minus 41 points to minus 32.3 points, reaching its highest level since June 2022.
The Current Situation Index, for its part, went from 35.5 points to 29.5 points, increasing for the first time since August 2022.
‘CONCERNS ABOUT GAS FACILITIES ARE REDUCING’
Sentix CEO Manfred Hübner, in his assessment on the matter, stated that the rise in the index in November was not a “setback” and emphasized that the rise in “status and expectation” values ​​showed how sensitive the economy is. of investors. Expectations were at the signals of the energy market.
Recalling that Germany, which is the largest gas consuming country in Europe, experienced higher than normal temperatures in October and the level of gas tanks in the country was higher than expected, Hübner said: “Gas prices in the spot market have decreased with these. “Concerns about a catastrophic gas shortage are receding.”
The investor confidence survey was conducted from November 3 to 5 with the participation of 1,348 investors.
Meanwhile, the Sentix investor confidence index for Germany, the euro zone’s largest economy, rose 7.4 points to minus 30 points in November. It should be noted that the index increased after 5 consecutive months of decline.
The Current Situation Index in Germany rose to 28 points from minus 33.5 points. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
