Investing.com – Investor confidence in the euro zone rose significantly more-than-expected in November, data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence rose to a level of 14.0 in November, after rising to 8.8 in October.
Analysts had expected the index to increase to a level of 10.0 in November.
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 tumbling 0.78% to hit 1.3922.
Meanwhile, European stock markets were down. The EURO STOXX 50 fell 0.64%, France’s CAC 40 was down 0.34%, Germany's DAX shed 0.25%, and the FTSE 100 declined 0.19%.
In a report, market research group, Sentix said its index of investor confidence rose to a level of 14.0 in November, after rising to 8.8 in October.
Analysts had expected the index to increase to a level of 10.0 in November.
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 tumbling 0.78% to hit 1.3922.
Meanwhile, European stock markets were down. The EURO STOXX 50 fell 0.64%, France’s CAC 40 was down 0.34%, Germany's DAX shed 0.25%, and the FTSE 100 declined 0.19%.