Investing.com – Investor confidence in the euro zone for March improved less-than-expected, remaining in negative territory for the eighth consecutive month, data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence improved by 2.9 points to minus 8.2 in March from February’s reading of minus 11.1.
Analysts had expected the index to improve by 5.6 points to minus 5.5 in March.
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 shedding 0.22% to trade at 1.3170.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 retreated 1.2%, France's CAC 40 dropped 1%, London’s FTSE 100 fell 0.65%, while Germany's DAX tumbled 1.35%.
In a report, market research group, Sentix said its index of investor confidence improved by 2.9 points to minus 8.2 in March from February’s reading of minus 11.1.
Analysts had expected the index to improve by 5.6 points to minus 5.5 in March.
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 shedding 0.22% to trade at 1.3170.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 retreated 1.2%, France's CAC 40 dropped 1%, London’s FTSE 100 fell 0.65%, while Germany's DAX tumbled 1.35%.