Investing.com – Investor confidence in the euro zone rose more-than-expected in February, jumping to the highest level since September 2007, industry data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence jumped to 16.7 in February, after rising to 10.6 in January.
Analysts had expected the index to rise to 14.1 in February.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.12% to hit 1.3598.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rallied 1.12%, France’s CAC 40 surged 1.03%, Germany's DAX climbed 0.77%, while the FTSE 100 was up 0.81%.
In a report, market research group, Sentix said its index of investor confidence jumped to 16.7 in February, after rising to 10.6 in January.
Analysts had expected the index to rise to 14.1 in February.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.12% to hit 1.3598.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rallied 1.12%, France’s CAC 40 surged 1.03%, Germany's DAX climbed 0.77%, while the FTSE 100 was up 0.81%.