Eurozone investor sentiment continues to fall in July, German recession looms: Sentix

BERLIN (Reuters) – Investor sentiment in the Eurozone has further deteriorated in July, confusing upside expectations and positive signals from stock markets that have not appeased investors who 've seen it. expect an agreement on the trade dispute, revealed an investigation.

The Sentix research group said its investor confidence index for the euro area fell to -5.8 in July, from -3.3 in the previous month and well below expectations of 0.1 badysts. It was the lowest reading since November 2014.

In Germany, the sub-index plunged from -0.7 last month to -4.8, its lowest level in almost a decade.

"The strong dependence on exports and the Chinese sales market is becoming more of a burden and the trade dispute weighs like a sword of Damocles about the eurozone's poster," said the director of Sentix, Patrick Hussy.

"A recession seems inevitable," he said of Europe's largest economy.

Hussy said that an apparent de-escalation between the United States and China at the G20 summit in Japan had left hope that the downward trend in the economy could be halted, but added that despite this , investors "give again a boost to the economy".

Hussy said that no more agreement was found in the trade dispute, more economic confidence was suffering.

The United States and China agreed in late June to resume trade negotiations.

According to Sentix, 916 investors participated in its investigation, which took place from July 4th to 6th.