Wall Street rises as materials and crypto stocks offset continued bond sell-off
BERLIN, Aug 10 (Reuters) - Investor morale in the euro zone returned to positive territory in August and rose for a fourth consecutive month, helped by a sharp improvement in current economic conditions and continued confidence in the recovery, a survey showed on Monday.
• The Sentix index for the euro zone rose to 0.9 points in August from -3.1 in July, compared with a Reuters poll forecast of -0.5
• The index has now increased for four straight months and reached its highest level since February 2026
• Sentix said the improvement was driven mainly by a sharp recovery in investors’ assessment of current conditions, while expectations also improved
• The current situation subindex climbed to -8.0 points in August from -14.8 in July, while the expectations gauge rose to 10.3 points from 9.3
• Sentix added that the confidence shock caused by the Iran war appeared to have been partially absorbed, though high energy costs and subdued order books remained a drag on the outlook
• Sentix’s headline index for Germany rose to -11.9 points from -19.4, its third consecutive increase and highest reading since February
• "Further economic stabilisation is on the horizon for Germany," Sentix said, pointing to stronger economic data and second-quarter growth of 0.2% that helped the economy avoid another recession
• The survey of 1,097 investors, including 213 institutional investors, was conducted between Aug. 6 and Aug. 8
