Euro zone July Sentix investor confidence rises unexpectedly

Forex Pros – pros – Investor confidence in the euro zone rose unexpectedly in July, industry data showed on Monday.

In a report, market research group, Sentix said its index of investor confidence rose to 5.3 in July from June’s reading of 3.5.

Analysts had expected the index to decline to 1.1 in July.

On the index, a level above 0.0 indicates optimism, below indicates pessimism.

Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD edging 0.05% lower to trade at 1.4528.

Meanwhile, European stock markets were mixed. The EURO STOXX 50 shed 0.15%, France’s CAC 40 eased down 0.1%, Germany's DAX gained 0.2%, while the FTSE 100 advanced 0.15%.

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