Eurozone Sentix Investor Confidence dropped to -8.3 in October, down from -8.0, better than expectation of -10.5. That nonetheless broke the streak of five months of increases. Current Situation index rose from -33.0 to -32.0, highest since March. Expectations index, however, dropped from 20.8 to -18.8, lowest since May.
Sentix said: “The parallels between the current recovery movement and the post-crisis year 2009 will be preserved. Even then, we noticed a continuous improvement, which surprised investors and had a positive effect on the stock markets. The fundamental facts were then delivered in 2010 as “proof”. Many economists still have doubts about a sustainable recovery of the economy. Fears of corona and renewed negative consequences for the real economy are too strong. However, the “first mover” among the leading indicators underlines that the chances of a positive economic surprise are quite real.”
