Eurozone Sentix Investor Confidence rose to -18.2 in July, up from -24.8, but missed expectation of -11. That’s the third increase nonetheless. Current Situation index rose to -49.5, up from -61.5. Expectations index, however, dropped to 19.5, down from 21.8.
Sentix Said: “Behind this development is apparently the expectation of investors that the recovery after the ‘lock-down’ will continue but will not lead to a complete ‘recovery’ of the economy…. This means that there has been no improvement in the long-term outlook for investors over the past four weeks. The falling expectations are thus a sign that there is a danger that the ‘upswing’ could run out of steam as early as the summer.”
