2.4 in November: Eurozone Sentix Investor Confidence Index edges down from October’s 2.7

• 2.4 is the Eurozone Sentix Investor Confidence Index reading for November. This is down from 2.7 in October.
• High interest rates, expensive energy and political uncertainty weigh on economic expectations.
• Despite tentative signs of stabilisation in Germany, investor confidence stays below zero.

2.4 points is the November reading for the Eurozone Sentix Investor Confidence Index. Released on Monday, the latest Sentix survey shows a slight weakening in investor sentiment from October's 2.7.

Within the survey, a 0.5-point fall takes the Economic Expectations Index to 8.3 points. By contrast, the Current Situation Index holds at -3.3 points. The divergence signals increasing caution among investors over the Eurozone's growth prospects.

Rising interest rates, high energy costs and political uncertainty are the principal barriers to economic activity, according to Sentix. It warns that prospects for a sustained economic recovery have taken a further setback.

In Germany, a 0.3-point increase brings the Investor Confidence Index to -3.3 in November. The reading suggests tentative stabilisation, but remains below zero.

Euro response

Despite a limited response to the Sentix survey, the Euro (EUR) is higher on Monday. At the time of writing, EUR/USD is up 0.45%, trading near 1.1190.