Investing.com - Investor confidence in the euro zone for July improved unexpectedly, easing 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 rose to 10.1 this month from a reading of 8.5 in June. Analysts had expected the index to decline to 8.0 in July.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro held on to modest losses against the U.S. dollar, with EUR/USD easing down 0.01% to trade at 1.3594.
Meanwhile, European stock markets remained lower. The DJ Euro Stoxx 50 fell 0.3%, France’s CAC 40 lost 0.3%, Germany's DAX dropped 0.2%, while London’s FTSE 100 dipped 0.2%.