The Eurozone Sentix Investor Confidence Index fell to -21.5 in September from -18.9 in August. The Expectations Index in the Eurozone also dropped to
EUR/USD pares back gains below 1.1000 on the downbeat Eurozone data.The Expectations Index in the Eurozone also dropped to -21.0 points, from -17.3 in the previous month.Commenting on the survey's findings, Sentix Managing Director Manfred Huebner said that "the situation in Germany remains particularly precarious. Here we are measuring the weakest situation ... since July 2020, when the economy was slowed by the first coronavirus lockdown.
"Germany is also weighing heavily on the economy in the euro zone as a whole ... The tipping point of a global recession is less distant than one might think,” Huebner said.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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