Seeking Alpha

Eurozone confidence shoots up

  • The Eurozone Sentix investor confidence index has turned positive for the first time in over two years, jumping to 6.5 this month from -4.9 in August and slaying consensus of -2.8.
  • "This is the second strongest rise of the indicator since its start in 2003," Sentix analyst Sebastian Wanke said. "It's a stunning coup for the eurozone."
  • Current situation -8.8 in September, its highest since October 2011, vs -22.3 in August.
  • Expectations 23 vs 14.3. (PR)
  • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
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