EU Sentix Index (Jan) -1.8 vs. Exp. -4.9 (Prev. -6.2)
The EU Sentix Index for January has come in at -1.8, significantly beating expectations of -4.9 and improving from the previous reading of -6.2.
[MARKET ANALYSIS] Equity sentiment dampened due to Powell's criminal investigation and Trump's credit card fee cap plan
[MARKET ANALYSIS] Crude on the backfoot despite rising tensions re. Iran
EU Sentix Index (Jan) -1.8 vs. Exp. -4.9 (Prev. -6.2)
India announces plans to conclude FTA with the EU during visit to the EU next week
SARB is reportedly working on a review of its Prime Lending Rate, via Bloomberg. This has historically been fixed at the policy rate +350bps.
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This strong data indicates a potential shift in investor sentiment, which may bode well for the Euro in the near term as it suggests greater confidence in the economic outlook for the Eurozone.
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