After sustained growth, the Sentix economic index in the Eurozone dropped by 0.3 points to reach -8.3, according to press release. Economic index higher than analysts’ expected -9.3. Asia sustained upward momentum as Japan led the recovery with +10.3 points, the highest since January 2020.
- Sentix Global Aggregate Index revised higher to -0.5 points.
- Euro’s Headline Index current situation is -32.0 versus -33 in September.
- Headline Index’s expectations (6-months ahead) is 18.8 in October, a fall from September’s 20.8.
- No significant risks element in the short-term and the expectations index higher despite a 2 points decline.
- German outlook better than the whole of the Еuro Area
European stocks and currency responding favorably to positive economic outlook despite a fall in economic index. EURUSD is up 0.35%, DAX is up 0.68%, FTSE is up 0.69%, CAC 40 is up 0.78%.
