Eurozone investor confidence reached its strongest level in more than two years in April as lockdowns in many euro area countries had little effect on the overall economic recovery, survey data from Sentix showed on Tuesday.
The investor confidence index rose sharply to 13.1 in April from 5.0 in March. This was the highest level since August 2018 and well above economists’ forecast of 7.5.
Although the Eurozone economy recently lagged significantly behind the global trend, it started to catch up in April, the survey revealed.
The current situation values jumped by 12.8 points to -6.5 in April, reaching a level that prevailed before the corona crisis. At the same time, the expectations index rose to an all-time high of 34.8 from 32.5 in the previous month.
The large gap between expectations and the current status is slowly closing, Sentix noted.
The economic recovery process is supported by a massive expansion of fiscal policy, the think tank said. Investors even expect the fiscal impulse to expand.
In Germany, the investor confidence index came in at 20.0 in April, the highest since August 2018, from 11.9 in March.
The current situation indicator climbed to +4.5 from -9.5 a month ago. The expectations indicator gained moderately to 36.8 from 35.8.
At 26.8, the global investor sentiment index reached its highest level since February 2018.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.