Investing.com - Investor confidence in the euro zone for June deteriorated to the lowest level since July 2009, remaining in negative territory for the 11th consecutive month, data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence declined by 4.4 points to minus 28.9 in June from May’s reading of minus 24.5.
Analysts had expected the index to decline by 5.0 point to minus 29.5 in June.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro remained modestly lower against the U.S. dollar, with EUR/USD dipping 0.08% to trade at 1.2425.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 retreated 0.25%, France's CAC 40 shed 0.25%, Germany's DAX dropped 1.4%, while London’s FTSE 100 remained closed for a holiday.
In a report, market research group, Sentix said its index of investor confidence declined by 4.4 points to minus 28.9 in June from May’s reading of minus 24.5.
Analysts had expected the index to decline by 5.0 point to minus 29.5 in June.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
Following the release of the data, the euro remained modestly lower against the U.S. dollar, with EUR/USD dipping 0.08% to trade at 1.2425.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 retreated 0.25%, France's CAC 40 shed 0.25%, Germany's DAX dropped 1.4%, while London’s FTSE 100 remained closed for a holiday.