Eurozone investor confidence rose for a second straight month in December to its highest level in four months, mainly due to the European Central Bank’s move to add more stimulus to boost the region’s economy, results of a survey by Sentix revealed Monday.
The Sentix investor confidence index climbed to 15.7 from 15.1 in November. Economists had forecast a higher score of 17. The latest reading was the highest since August, when it was 18.4.
The Sentix survey was carried out between December 3 and December 5, among 1,052 investors. On December 3, the ECB cut its deposit rate by 10 basis points to -0.30 percent and announced a slew of changes to its asset purchase programme such as extending it to March 2017 and broadening the list of assets to include regional debt.
The current conditions index of the survey fell in December, after a surge in the previous month. The measure dropped to 13.5 from 16.
Meanwhile, the expectations index jumped to 18 from 14.3. The measure improved for a second consecutive month.
The material has been provided by InstaForex Company – www.instaforex.com