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Euro zone investor sentiment falls to its lowest level in more than 6 years

2019-10-07T13:23:19.434Z


BERLIN (Reuters) - Investor sentiment in the euro zone fell in August to its lowest level in more than six months


Berlin-Sana

Investor sentiment in the euro zone fell in August to its lowest level in more than six years at a time when stimulus measures by central banks failed to allay fears of a recession.

"The index of investor sentiment in the eurozone fell to minus 16.8 in October from minus 11.1 in September, the lowest level since April 2013 and below the median forecast," the European Sentiment Group said.

The US Federal Reserve cut interest rates in September to help maintain sustained economic growth, and investors' assessment of current conditions fell to minus 15.5 from minus 9.5, marking the fifth consecutive decline and the weakest reading since the end of 2014.

Sentix futures also slipped to minus 18.0 from minus 12.8 the previous month.

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Source: sena

All business articles on 2019-10-07

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