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Eurozone Sentix Index Edges Up

Eurozone Sentix Index Edges UpEurozone Sentix Index Edges Up

Sentiment in the eurozone improved marginally in May, a survey showed on Monday, but expectations remained subdued suggesting stimulus from the European Central Bank is failing to offset worries about global growth. The Frankfurt-based Sentix research group’s index, tracking morale among investors and analysts in the eurozone, rose to 6.2 from 5.7 in April. Analysts polled by Reuters had expected a reading of 6.1. “Although the eurozone remains in the range of a moderate upturn, the manner of the development indicates a burden from global economic development,” Sentix said in a statement.

Financialtribune.com