Eurozone investor confidence advances in December

Eurozone investor confidence improved for the second consecutive month but fell short of forecasts, official figures released on Monday showed.

The forward-looking Sentix investor confidence index for December rose from 15.1 to 15.7, slightly below analysts’ expectations for a 17 reading.

The figure marked a first increase after two consecutive declines in the previous months, although it remained below the 16.8 average registered between June and August.

“Amid slightly lower growth in global economic momentum, the Eurozone stands out. Explanations should be found in the latest ECB statement,” said analysts at Sentix.

“The December round of ECB stimulus felt short of expectations, however, the embracement of ECB’s ‘whatever it takes massage’ has worked yet again.

“Without more ECB stimulus the Eurozone would most likely be in accordance to the global outlook.