Euro zone investor morale up in July

7 July, 2020 12:00 AM printer

BERLIN: Investor morale in the euro zone improved for a third month running in July but a dip in expectations suggests the recovery from the impact of the coronavirus pandemic could soon peter out, a survey showed recenlty.

Sentix’s index for the euro zone rose to -18.2 from -24.8 in June. That compared with the Reuters consensus forecast for a reading of -10.9, report agencies.

The current situation index rose for a second month in a row, to -49.5 from -61.5 in June. However, the expectations index for the bloc dipped to 19.5 from 21.8.

“There is a danger that the ‘upswing’ could run out of steam as early as the summer,” said Sentix managing director Manfred Huebner.

Investors said they expected that only around 60 percent of coronavirus-related economic losses would be recovered within a year in the euro zone.