Investing.com - Investor confidence in the euro zone for November improved modestly but remained near the lowest level in 18 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 improved to -11.9 this month, from a reading of -13.7 in October, which was the lowest since May 2013.
Analysts had expected the index to improve to -6.9 in November.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
EUR/USD was trading at 1.2483 from around 1.2486 ahead of the release of the data, while EUR/GBP was at 0.7853 from 0.7854 earlier.
Meanwhile, European stock markets remained higher. The DJ Euro Stoxx 50 picked up 0.25%, France’s CAC 40 rose 0.4%, Germany's DAX tacked on 0.1%, while London’s FTSE 100 advanced 0.3%.