Morale among investors in the euro zone jumped for the third month in a row in January, buoyed by positive economic news from Asia and signs of an easing in U.S.-China trade tensions, a survey showed on Monday.
The Sentix research group's index of investor morale rose to 7.6 points from 0.7 in December, hitting its highest level since November 2018. Expectations reached their highest since February 2018, and current conditions their highest since last June.
"Thus, a recession in the euro zone seems to be off the table for the time being," Sentix said of the survey, for which it questioned 932 investors.
"The recent events surrounding Iran have not unsettled investors," Sentix added.
"More important seems to be the gain in momentum in other regions of the world, especially in Asia, as well as the slight easing of the trade dispute between the United States and China." (Reuters)