LGT Navigator

Euro-area investor sentiment continues to climb

Investor morale in the eurozone continued to tick up in June, data released on Monday showed. However, the survey wasn’t sufficient to shore up weak European equity markets to start the week. In the US stock markets traded cautiously with slight gains ahead of the Federal Reserve’s (Fed) monetary policy announcement midweek and Asian stocks were mixed.

Shane Strowmatt, LGT
Reading time
5 minutes
Europe Euro
© Shutterstock

The Sentix investor confidence index for the euro area increased for an eighth month in a row to +0.3 points in June from -3.6 in May. That makes June the highest level since February 2022 and the highest level since Russia invaded Ukraine, setting off a series of concerns about supply-chain issues and energy security. The expectations component of the index increased by 2.2 to +10.0 points, signalling investors expect the economy to strengthen in the coming months. While the index is only recovering at a slow pace, it is still welcome news for the economic bloc, which just managed to squeeze out 0.4% growth last year. The Euro Stoxx 50 dropped 0.7%, France’s CAC 40 fell 1.4% and Germany’s DAX closed 0.4% lower on Monday.

In New York, stock indices saw mild gains to start the week after reaching new highs the previous week. Investors are waiting for new inflation data and the Fed’s newest comments on the state of the economy along with the release of its most recent monetary policy decision on Wednesday evening. The Dow Jones Industrial gained 0.2%, the S&P 500 increased 0.3% and the Nasdaq-100 closed up 0.4%, just below shy of last week’s all-time high.

In the Asia-Pacific region, stock markets were mixed. Markets in Australia, Hong Kong and mainland China slumped after reopening from Monday’s public holiday. The CSI 300 was trading down 1.1% and the Hong Kong's Hang Seng Index lost 1.7%. In Australia, the S&P/ASX 200 dropped 1.5%. Japanese and South Korea equities saw mild gains with the Nikkei 225 and the Kospi each trading up about 0.3%.

Corporate and macroeconomic calendars

Corporate news in focus: Full-year figures from Heidelberger Druckmaschinen, quarterly figures from Oracle.

Economic data in focus: UK labour market data.

LGT helps you make informed investment decisions

Global economic and market trends at a glance

You can also follow us on Facebook or LinkedIn – or visit Insights and discover interesting background articles. If you have questions, a consultant from the bank will be happy to help you.

Publisher: LGT Bank (Switzerland) Ltd., Glärnischstrasse 36, CH-8027 Zurich
Editor: Alessandro Fezzi
Source: LGT Bank (Switzerland) Ltd.

Contact us