Investing.com - Investor confidence in the euro zone for September deteriorated to the lowest level in 14 months, underlining concerns 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 tumbled to -9.8 this month, the lowest since July 2013, from a reading of 2.7 in August. Analysts had expected the index to decline to 2.0 in September.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
EUR/USD was trading at 1.2945 from around 1.2944 ahead of the release of the data, while EUR/GBP was at 0.8007 from 0.8008 earlier.
Meanwhile, European stock markets remained mixed. The DJ Euro Stoxx 50 inched down 0.25%, France’s CAC 40 shed 0.25%, Germany's DAX tacked on 0.1%, while London’s FTSE 100 slumped 0.4%.