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Euro Zone Investor Morale Rises on Vaccine Euphoria Sentix

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BERLIN, Jan 11 Reuters Investor morale in the euro zone rose more than expected in January, hitting its highest level since February due to growing confidence about a successful vaccination strategy to tackle the coronavirus pandemic, a survey showed on Monday.

Sentixs index for the euro zone climbed into positive territory for the first time in almost a year, reaching 1.3 from 2.7 in December. A Reuters poll had pointed to a reading of 0.7.

The expectations index rose to an alltime high of 33.5 from 29.3 while the current situation index came in at 26.5, its highest level since March and compared to 30.3 in December.

In a statement, Sentix said the overall index reading was surprising given the farreaching restrictions on economic activity.

Now that more vaccines have been approved, investors apparently expect a quick implementation of the vaccination strategy and thus a definitive end to the economic and personal freedom restrictions, Sentix said in a statement.

Sentix surveyed 1,168 investors from Jan. 7 to Jan. 9.

Reporting by Madeline Chambers; editing by Thomas Seythal

Source Reuters

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