- Eurozone investors’ morale improved in May.
- EUR/USD stays well bid above 1.1300 after the Eurozone data.
The Eurozone Sentix Investor Confidence Index improved to -8.1 in May following April’s -19.5, the latest survey showed on Monday.
The Current Situation gauge for the bloc unexpectedly rose to -19.3 in May.
Sentix said: “This is remarkable, as it shows that investors have largely abandoned the recession fears they expressed last month.”
“The main victims of Trump’s tariff policy are the US economy and, to some extent, the economies of China and Switzerland,” it added.
Market reaction to the Eurozone Sentix data
EUR/USD stays unfazed above 1.1300 after the Eurozone data. As of writing, EUR/USD is trading 0.25% higher on the day at around 1.1325.
(This story was corrected on May 5 at 9 GMT to say that “Eurozone Sentix Investor Confidence Index recovers to -8.1 in May, not drops.”)