Eurozone investor confidence strengthened notably in December on vaccine hopes, survey data from Sentix showed on Monday.
The investor sentiment index advanced to -2.7 in December from -10.0 in November. The score was forecast to rise moderately to -8.3.
“Hopes for an early use of vaccines are fuelling the fantasy that the [economy][1] in 2021 will recover more clearly than previously expected from the consensus,” the think tank said.
The current conditions indicator rose to -30.3 from -32.3 in the previous month. The expectations index came in at 29.3 in December, up from 15.3 a month ago.
In Germany, the investor confidence index climbed to 6.9 in December from 1.3 a month ago, the survey showed.
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