Investing.com - Investor confidence in the euro zone for October deteriorated unexpectedly, dampening optimism over the outlook for the region’s economy, data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence declined to 6.1 in October from a reading of 6.5 in September.
Analysts had expected the index to improve to 10.6 this month.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD easing up 0.23% to trade at 1.3585.
Meanwhile, European stock markets held on to sharp losses. The EURO STOXX 50 fell 1.1%, France's CAC 40 dropped 1.25%, Germany's DAX retreated 1.2%, while London’s FTSE 100 slumped 0.8%.
In a report, market research group, Sentix said its index of investor confidence declined to 6.1 in October from a reading of 6.5 in September.
Analysts had expected the index to improve to 10.6 this month.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD easing up 0.23% to trade at 1.3585.
Meanwhile, European stock markets held on to sharp losses. The EURO STOXX 50 fell 1.1%, France's CAC 40 dropped 1.25%, Germany's DAX retreated 1.2%, while London’s FTSE 100 slumped 0.8%.