by Giles Cadman
The completion of the German election means that the softly softly approach to the Eurozone crisis is no longer necessary. This may have had some impact on the investor sentiment, which turned positive in September but fell slightly in October.
Sentix research group said its index tracking investor morale in the euro zonedropped to 6.1 points from 6.5 points in September. The reading fell well short of the consensus estimate in a Reuters poll for 8.0 points.
In September the index turned positive for the first time in more than two years and saw its second strongest rise since being introduced in 2003.
“After that record-breaking leap, there was a small drop of 0.4 points in October and that should be interpreted as stabilisation at a level that is now healthy again,” Sentix said in a statement.
There may be some hope for the Eurozone as GDP increases.
The 17-country euro zone emerged from its longest-ever recession in the second quarter, expanding by 0.3 percent. It is expected to grow by around 0.2-0.3 percent per quarter through to the end of next year.
Unfortunately for the many unemployed in Southern Europe it seems uncertain that their economies will grow and there will be jobs for those who want to work.
Filed under: Fine Wine Tagged: European sovereign debt crisis, European Union, Eurozone, Gross domestic product, October, Reuters, September, Spain
