Eurozone Sentix Confidence Hits Three-Year High on Strong July Rebound

Euro-area investor morale improved more sharply than anticipated in July, with the Sentix Investor Confidence Index climbing to 4.5 from 0.2 in June. Economists surveyed ahead of the release had expected only a modest rise to about 1.0. The July reading is the highest in almost three years, suggesting growing optimism about the bloc’s economic outlook despite lingering headwinds from elevated borrowing costs and weak external demand. The survey canvasses more than 5,000 investors and analysts on their assessment of current conditions and six-month expectations.