Eurozone Sentix Investor Confidence edges higher to -16.4 in May

Investor morale in the Eurozone improved slightly in May, with the Sentix Investor Confidence Index edging higher to -16.4 from -19.2 in April.

Key takeaways via Reuters

"The index for the German economy, Europe's largest, bucked the trend, fell to -30.9 from -27.7 in April."

"Germany "finds itself not only in a government crisis but also in a distinct economic trajectory of its own," Sentix said."

"Expectations rose to -11.3 points from -15.5 the previous month, while the index measuring the current situation rose to -21.5 from April's -22.8."

Market reaction

EUR/USD showed no immediate reaction to this report and was last seen trading virtually unchanged on the day at around 1.1720.