Eurozone investor confidence improved sharply in December - Sentix

According to the report from Sentix, the Corona crisis year 2020 will end with a bang, which will set several exclamation marks for the global economy. In our December results, we have a series of all-time highs in the expectation components of various world economic regions. Hopes for an early use of vaccines are fuelling the fantasy that the economy in 2021 will recover more clearly than previously expected from the consensus.

The consensus probably did not expect this at all: The sentix overall economic index for the euro zone rises by 7.3 points to -2.7 points, the highest level since February 2020. The strong increase in the overall index is due to the large increase in economic expectations. The sub index rises to +29.3 points, the highest value since April 2015. Investors are reflecting the improved future prospects for the global economy, which will result from the soon availability of at least three vaccines to fight the Corona Pandemic. The outcome of the U.S. election is also likely to have had a positive effect on the latest survey results.

In addition, the current situation may also recover slightly. The sub index, which describes the status quo of the economy in Euroland, rises by 2 points to -30.3. The so-called "lockdown light" has so far had little effect on investors' assessment of the current economic assessment. There has been no further decline. Overall, Euroland is benefiting from the international tailwind.