Eurozone’s investor morale plunged to a four-year low in December given the trade conflict. Italy’s budget along with the Brexit plan between the EU and Britain resulted in a decline in sentiment, according to the survey on Monday. Results from the Sextic research group shown a drop in investor sentiment index to -0.3 from 8.8 in November, which was the lowest level since December 2014 and the fourth straight monthly drop. The outcome has exceeded expectations to 8.1 decline. Meanwhile, the sub-index at present situation declined to 20.0 from 29.3 in November compared to the forecast of -18.8 from -9.8 the previous month. The Sentix managing director, Manfred Huebner, see that there is no optimism given the present global condition and recalling the 2008 financial crisis. The ECB is planning to end the billion-dollar government bond purchases as the economy declines at an average pace that puts pressure on politicians and central banks, he added. Another index on investor morale in Germany shows a decrease to 7.2 from 15.6 in December which can be deemed as ‘loss of momentum’ with concerns on US tariffs weaker Chinese car sales.
RÝCHLE ODKAZY