By Rhod Mackenzie
More and more investors in the single European currency zone, which unites 20 countries that have abandoned their national currencies in favor of the euro, are less and less looking forward to the future. At least the nearest one, writes Reuters. Optimism in the eurozone is now at the same low level as in November last year, when the energy crisis was still raging on the continent. And how can a good mood come about if the European Monetary Union is on the verge of a recession, and at the same time, unfortunately, there are no special signs of improvement in the near future on the horizon.
The Sentix investor confidence index for the eurozone, which reflects the mood of participants in financial markets and their attitude to the economic prospects of the region, did not meet the expectations of analysts (-18.0) polled by Reuters in July and fell to -22.5 points from -17 in June. 0.
“There is nothing positive, alas, even in forecast expectations,” sighs Sentix CEO Manfred Huebner. “The main question is: where can we expect changes for the better?”
1226 investors surveyed by the authors of the confidence index from July 5 to July 7 expect that the Central Banks will continue to tighten monetary policy, and the US economy, which, unlike the global economy, is quite successful, at least while struggling with the recession, anyway (outside the US ) does not increase mood and does not add confidence with optimism.
Manfred Huebner singled out the first European economy - Germany, which now more and more resembles Europe's main patient in terms of the number of problems. German investors' pessimism and decadent mood went through the roof in July. In Germany, the Sentix index was even lower -28.4 points.
This article originally appeared in Russian at expert.ru