Euro zone investor morale improves but economy still in downturn

The News Craving

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Reuters UK

BERLIN (Reuters) – 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,” Se…

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