Eurozone Sentix Investor Confidence rose from -22.5 to -18.9 in August, much better than expectation of -25.0. Current Situation Index was unchanged at -20.5. Expectations Index rose from -24.5 to -17.3. Inflation theme barometer rose to -11, indicating a decline in inflationary pressure. Central bank policy barometer also rose to -13.
Today's financial markets exhibited subdued activity, with few standout movements. Notably, even as Eurozone's investor confidence data outperformed expectations, Euro lagged, moving in tandem with Swiss Franc. On the other hand, Sterling is trading mildly higher, echoing the rise of commodity currencies, while Dollar is steady, devoid of fresh buying enthusiasm.
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