Eurozone investor confidence falls unexpectedly in March
Sentix's forward-looking survey on investor confidence showed the index measuring sentiment in the Eurozone fell to 5.5 in March from 6.0 a month earlier. Analysts had forecast a reading of 8.3.
"The Eurozone is suffering from the loss of momentum in the global economy," Sentix said in its report.
Prolonged low inflation due to falling oil and commodity prices, mounting debt in the Eurozone and risks stemming from a slowdown in emerging markets have weighed on investor confidence.
The European Central Bank is facing pressure to do more to boost the economy ahead of its policy meeting on Thursday. The market is pricing in a 13 basis point cut to the deposit facility rate, a six-month extension of quantitative easing and a £10bn increase in the pace of monthly asset purchases. ■