Eurozone investor confidence jumped to its highest value in 12 months in March, thanks to a more optimistic view of the current situation. The Sentix Index for the Eurozone rose to 5.0 from minus 0.2 in February, the highest level since February 2020.
The confidence index is calculated based on the results of a survey of investors and leading analysts in the Eurozone. A value of the index above zero indicates a predominance of optimism, below zero - a predominance of pessimism.
The Expectations Index rose to 32.5 from 31.5 in February, while the Current Situation Index improved to -19.3 from -27.5 in February.
Sentix said in a statement that global vaccination campaigns are making great strides, raising hopes for effective protection.
Investors also see rising inflationary pressures fueled by expanding monetary and fiscal policies and deferred demand.