Eurozone Sentix Investor Confidence dropped to 11.4 in October, down from 12, matched expectations. Sentix noted in the release “uncertainties about the fiscal policy stance in Italy and the automobile industry in Germany are depressing the sentiment”. Meanwhile, the US economy remains strong with “assessment of the situation rises to an all-time high and raises investors’ expectations of rising inflation rates and a restrictive central bank policy”. Sentix added the situation value at 66.5 “signal overheating”.
On Eurozone, Sentix said the economy is “recording a further slight slowdown”. That was attributable to current situation values which dropped to 33.0, lowest since April 2017. But Sentix also said the data “do not represent a fundamentally new assessment by investors” as expectation value was “hardly changed”.
