Eurozone Sentix Investor Confidence rose to -8 in September, up from -13.4, better than expectation of -10.8. That’s the fifth increase in a row, and the highest level since February. Current Situation Index rose to -33.0, up from -41.3, highest since March and fourth increase in a row. Expectations Index recovery to 20.8, up from 19.3.
Sentix said that overall, “the current recovery phase is similar to that of 2009, when we also saw a continuous improvement, which, as today, had little impact on stock market expectations.” Though, there are “clear signs of change on the bond markets”. “For our theme barometers show that the risks of inflation are on the rise again from the investors’ perspective. The corresponding sub-index for institutional investors fell to -15.5 points in September. This is the worst value since November 2018.