FX:Euro zone April Sentix investor confidence deteriorates
Forexpros - Investor confidence in the euro zone for April deteriorated unexpectedly, remaining in negative territory for the ninth consecutive month, data showed on Tuesday.
In a report, market research group, Sentix said its index of investor confidence declined by 6.5 points to minus 14.7 in April from March’s reading of minus 8.2.
Analysts had expected the index to improve modestly by 0.1 points to minus 8.1 in April.
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 0.11% to trade at 1.3091.
Meanwhile, European stock markets held on to sharp losses. The EURO STOXX 50 retreated 0.95%, France's CAC 40 dropped 1.15%, London’s FTSE 100 fell 0.85%, while Germany's DAX slumped 0.8%.
