Eurozone investor sentiment deteriorates in June

Eurozone sentiment deteriorated in June as worries about the German economy weighed, according to data released on Monday.

The Sentix investor sentiment index fell to -17.0 in June from -13.1 in May, hitting its lowest level since January and missing consensus expectations of -15.1.

The current conditions index declined to -15.8 from -7.0, while the expectations gauge ticked up to -18.3 in June from -19.0 the month before.

The headline Sentix index for Germany slid to its lowest since November last year, at -21.1.

Melanie Debono, senior Europe economist at Pantheon Macroeconomics, said: "Looking ahead, with EZ GDP growth likely to stay weak and monetary policy set to be tightened further - and risks tilted toward further rate hikes - we certainly see risks tilted to the downside for EZ financial markets and sentiment in the next three months."