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Euro zone Sentix index falling
08 Feb 2016 13:01
Sentiment in the euro zone deteriorated more than expected in February as concern about the global economy prompted investors to pare back their expectations to the lowest level since November 2014.
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The Frankfurt-based Sentix research group's index, tracking morale among investors and analysts in the euro zone, fell to 6 in February from 9.6 in January.
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Analysts polled by Reuters had forecast a reading of 7.6.
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"The euro zone is proving, not surprisingly, to be in no way immune to the enormous loss of momentum in the global economy," Sentix said in a statement.
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"In particular, the loss of dynamism in Germany and the US is a heavy burden and underscores that the global economy is by now in a very fragile state," it added.
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Tepid US growth, falling oil prices and concern over a China-led slowdown on the world economy have rattled markets at the start of 2016.
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