Sentix European Investor Confidence Falls After Cyprus Bailout
This article is for subscribers only.
European investor confidence declined more than economists forecast in April, after the bail-in of Cypriot bank depositors rattled financial markets, the Sentix research institute said today.
An index measuring sentiment in the euro-area fell to minus 17.3 from minus 10.6 in March, the Limburg, Germany-based institute said in an e-mailed statement. That’s the second drop in a row and the lowest reading since December. Economists had predicted a decline to minus 12.8, according to the median of 18 estimates in a Bloomberg News survey. A gauge of economic expectations decreased to 0.5 from 8.3, while a measure of current conditions fell to minus 33.5 from minus 27.8.