EU investor sentiment falls after ECB measures

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EU investor sentiment falls after ECB measures

BERLIN - Sentiment in the euro zone unexpectedly fell in June with investors unimpressed by the European Central Bank’s package of measures to kickstart growth, the Sentix index survey showed on Monday.

Sentix research group said its index tracking morale among investors in the euro zone indicated investors were more pessimistic than a month ago about the economic situation now and for the next six months.

The index fell for a second consecutive month to 8.5 in June, its lowest since December 2013.

It skidded from 12.8 in May, confounding a Reuters poll forecast for a rise to 13.2 and easily undershot the lowest estimate for 12.4.

The index was based on a survey of investors conducted between June 5 and June 7. The ECB announced measures to boost growth on June 5.

Sentix said the decline was surprising because investors viewed the economy in other parts of the world, especially in emerging markets, more positively.

“Investors obviously do not appreciate this aspect of the ECB’s monetary policy at the moment,” said Sentix.

The sub-index on the economic situation plunged to 0.3 from 7.5. Expectations for the outlook fell to 17.0, the lowest reading since August 2013, from 18.3 in May. Reuters
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