Eurozone investor confidence reaches near-3-year high

 
Harriet Green
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nvestor confidence in the Eurozone has gathered more strength in March - reaching a high last seen in April 2011.

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The Sentix Investor Confidence index, which surveys 1,600 financial analysts and institutional investors, rose to 13.9 this month from 13.3 in February. Estimates had been for a bigger pick up, to 14.0, though.

Sentix called the result "robust but heterogeneous". It said:

While the economic situation is again judged better investors their expectations since September... for Germany, the economic cycle is more advanced. Here on the expectations for the third time in a row, indicating a trend reversal in the rule.