Eurozone investor confidence improves in August

Economic sentiment in the eurozone improved more than expected in August, according to the latest survey by Frankfurt-based research group Sentix.

The index gauging economic confidence among investors rose to 4.2 from 1.7 the month before, exceeding expectations for a reading of 3.0

Sentix said: "The Brexit shock only lasted a short while. Worries about an economic slowdown have not grown further.”

The sub-index tracking expectations for the eurozone economy rose to 4.8 from -2.0 in July, but the current situation index fell to 3.8 in August from 5.5 – the lowest reading since last February.