Eurozone Sentix Investor Confidence Index: November reading eases to 2.4 from October’s 2.7

• Investor sentiment in the Eurozone weakens in November, with the Sentix Investor Confidence Index easing to 2.4 from October's 2.7.
• Against a backdrop of elevated interest rates, expensive energy and political uncertainty, economic expectations weaken.
• Despite tentative signs of stabilisation in Germany, investor confidence stays below zero.

A slight weakening in Eurozone investor sentiment marks November's latest Sentix survey, published on Monday. At 2.4 points, the Sentix Investor Confidence Index is down from 2.7 in October.

Greater investor caution over the Eurozone's growth prospects is evident in the underlying readings. While the Current Situation Index holds steady at -3.3 points, the Economic Expectations Index slips by 0.5 points to 8.3 points.

Rising interest rates, elevated energy prices and political uncertainty remain the principal hurdles to economic activity, according to Sentix. It warns that expectations of a sustained economic recovery have received another setback.

In Germany, however, tentative signs of stabilisation emerge as the Investor Confidence Index edges up by 0.3 points to -3.3 in November. The reading nevertheless stays in negative territory.

How is the market responding?

At the time of writing, EUR/USD trades around 1.1190, up 0.45% on Monday, while the Euro (EUR) registers little response to the Sentix survey.