Forexpros – Investor confidence in the euro zone fell less-than-expected in September but remained in negative territory as concerns over the region’s debt crisis weighed, industry data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence fell 1.9 points to minus 15.5 in September, down from August’s reading of minus 13.5.
Analysts had expected the index to fall by 4.5 points to minus 18.0 in September.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.42% to trade at 1.4145.
Meanwhile, European stock markets were down sharply. The EURO STOXX 50 tumbled 2.35%, France’s CAC 40 dropped 2.45%, the FTSE 100 fell 1.6%, while Germany’s DAX plunged 2.55%.
Forexpros
