Investing.com – Investor confidence in the euro zone fell more-than-expected in November, remaining in negative territory for the fourth consecutive month amid ongoing concerns over the region’s debt crisis, industry data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence fell by 2.7 points to minus 21.2 in November from September’s reading of minus 18.5.
Analysts had expected the index to fall by 1.5 points to minus 20.0 in November.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD slumping 0.45% to trade at 1.3731.
Meanwhile, European stock markets were broadly lower after the open. The EURO STOXX 50 dropped 1.65%, France’s CAC 40 sank 1.4%, the FTSE 100 fell 1.2%, while Germany's DAX slumped 1.3%.
In a report, market research group, Sentix said its index of investor confidence fell by 2.7 points to minus 21.2 in November from September’s reading of minus 18.5.
Analysts had expected the index to fall by 1.5 points to minus 20.0 in November.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD slumping 0.45% to trade at 1.3731.
Meanwhile, European stock markets were broadly lower after the open. The EURO STOXX 50 dropped 1.65%, France’s CAC 40 sank 1.4%, the FTSE 100 fell 1.2%, while Germany's DAX slumped 1.3%.