Market research group Sentix reported data on Investor Confidence today. The survey was conducted among 1000 private and institutional investors. Investor Confidence for March came in at 18.6, climbing 6.2 points, compared to forecasts of 15 points and a previous reading of 12.4, reaching the highest reading since August 2007.
The stronger-than-expected data eases concerns over the economic outlook of the Eurozone. A weaker Euro, Quantitative Easing and lower oil prices boost the European economy. A level above zero shows that optimism prevails, below zero indicates pessimism.