Economic news

Investors show highest optimism in 10 years about euro zone in October

Investors are ready for more active actions in the euro zone, the sentiment has grown this month more than anticipated, reaching peak in 10 past years in its first reading since recent elections in Germany half a month back, as per today’s survey.

Research group Sentix registered euro zone index climb to mark 29.7, while the previous month figure had been 28.2. Current month’s results greatly surpass predicted average of 28.5 in a poll of economists by Reuters.

Present time conditions in the euro zone are regarded by investors as positive, while a sub-index showed rise to 41.8 from September’s 39.8. The initial test after the elections in Germany can be considered as successfully passed, and the world economic motor keeps building up strength, said Sentix.

The euro zone economic development expectations moved up to 18.3 from 17.3. An index monitoring Europe’s largest economy grew to 37.7 from 34.0 of last month. Sentix data shows that following the September parliamentary elections, investors are optimistic about the possibility of a coalition between conservatives, the Free Democrats and the Greens.

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