Economy
#Trump's actions weigh on eurozone investor morale: Sentix
Feb 6 Investor sentiment in the euro zone deteriorated slightly in February due to concerns that U.S. President Donald Trump's policy course will weigh on the global economy, a survey showed on Monday.
The Sentix euro zone index fell to 17.4 points from January's 18.2. The February reading from the Frankfurt-based research group was exactly in line with the consensus forecast in a Reuters poll of analysts.
"Investors are reacting to Donald Trump's first official acts and see in these a burden for the global economy," Sentix said in a statement.
Investors viewed the euro zone's current conditions more favorably, with a sub-index rising in February to 20.5 - the highest since May 2011 - from 16.5 in January.
Expectations for economic developments in the euro zone deteriorated, slipping to 14.3 from 20.0. Sentix noted, however, that the February expectations reading was still above December's reading of 11.8.
An index tracking Germany, the euro zone's largest economy, fell to 31.3 in February from 33.1 in January.
Trump has said the European Union has become a "vehicle" for German interests and predicts that more member states would leave the bloc as Britain did last June.
Trump has also warned German car companies that he would impose a border tax of 35 percent on vehicles imported to the U.S. market. His top trade adviser has accused Germany of using a "grossly undervalued" euro to gain advantage over the United States and its own EU partners.
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Why China and Russia did not come to the aid of Iran? Yes, they did!
Why right-wing populism remains popular 10 years post-Brexit
Lebanon, Hezbollah and the price of caution
Going down a treat...that's top chef Dev Biswal
Improving energy efficiency of buildings to reduce bills and save energy
DG Translation in a city near you: June events
Energy use in the industry sector continues to decline
Europe's broken promise, 300 million times over
High-Speed Drama Shatters Monaco’s Tranquil Façade
Mobile liver testing rolls into Brussels
Commission accelerates transition away from animal testing in chemical safety assessments
Commission proposes new authorization for mobile satellite services for EU's resilience and competitiveness
Defending values, driving reform, delivering impact: New measures to strengthen EU humanitarian action
Europe must not turn its back on rural women’s empowerment
Republic of Moldova joins European Patent Organization as 40th member state
Stepping out...to get the UK back in European Union
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
