Eurozone Sentix Investor Confidence drops to 22.2 in August, a big miss

Eurozone’s investor sentiment snaps its uptrend and drops more than expected in August, the latest data published by the Sentix research group showed on Monday.

The gauge dropped to 22.2 in August from 29.8 in July vs. a reading of 29.0 expected. The index ended its fifth straight month of upbeat momentum.

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About Eurozone Sentix Investor Confidence

Among 1600 financial analysts and institutional investors, the Sentix Investor Confidence is a monthly survey that shows the market opinion about the current economic situation and the expectations for the next semester. The index, released by Sentix GmbH, is composed by 36 different indicators. Usually, a higher reading is seen as positive for the Eurozone, which means positive, or bullish, for the Euro, while a lower number is seen negative or bearish for the unique currency.