Euro zone investor morale improves but economy still in downturn

Brian Leclere - 07 June 2022 - APP Economy MARKET_WATCH

 

Investor morale in the euro zone rose more than expected in June, the first increase after Russia’s invasion of Ukraine, a survey showed on Tuesday, as many companies have not yet felt as much impact from inflation and supply bottlenecks as feared.

Sentix’s index for the euro zone rose to -15.8 points in June from -22.6 in May, which had been the weakest figure since June 2020.

A Reuters poll had pointed to a June reading of -20.0.

“As impressive as the improvement in the situation and expectations values may appear at first glance, this is unlikely to mark a turnaround,” Sentix Managing Director Manfred Huebner said in a statement.

While consumers are already suffering from rising prices, many companies have been able to pass on their sharply rising costs to their customers and benefited from people rushing to buy goods and services before price increases, Huebner said.

Source: Euro zone investor morale improves but economy still in downturn

    Join our 60k+
    tribe of Akters

    Have any questions?

    We're here to help.

    Learn more

    About the AKTIO coin

    AKTIO is now live!

    Learn more about the AKTIO coin

    What’s new in the App?

    We’re adding new features

    Find out more about the App

    Customer support

    support@akt.io

    +353 1 574 7382

    Opening hours:

    Monday to Friday: 8am - 7pm CET

    Company

    About

    AKTIO coin

    Careers

    News

    Learn

    Blog

    AKT Academy

    Help

    FAQ

    System Status

    Follow our latest news

    Automata Pay

    65-66 Warwick House 4th

    Floor, Queen Street, London

    England, EC4R 1EB

    Automata ICO Ltd

    3rd Floor Ormond Building,

    31-36 Ormond Quay Upper,

    Dublin 7, D07 Ee37

    Automata Pay Europe Ltd

    3rd Floor Ormond Building,

    31-36 Ormond Quay Upper,

    Dublin 7, D07 Ee37

    Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

    Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

    Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.