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Euro Zone Investor Confidence May Break Three-Month Winning Streak
Monday, 06 July 2009 03:06:48 GMT
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The Euro-Zone Sentix Investor Confidence survey is expected to show an increased optimistic outlook among the region’s investors for the fourth consecutive month in July. Coming off of the metric’s lowest historical reading in March, the turnaround has occurred during a period in which global stocks managed to regain 37.62% since reaching their lowest point on March 9. Nonetheless, there may be some unexpected downside tomorrow. Friday saw the May Euro-Zone Unemployment Rate increase more than economist forecasts, to 9.5% from a revised 9.3% in the month prior. Such a development, as recent as it is, could throw investor expectations off and may break the Sentix survey’s winning streak.
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