The Eurozone Sentix Investor Confidence index improved to -21.0  in December from -30.9 in November vs. -27.1 expected.

The current situation in the Eurozone rose to -20.0 points in December from -29.5 in November.

An expectations index jumped to -22.0 from -32.3, hitting its highest value since March 2022.

Key takeaways

"The surprisingly high gas levels and the continued stable labor markets are not consistent with a recession.”

"In our opinion, however, this correction in assessments should not be misinterpreted as a general trend reversal.”

"The dangers of recession have by no means been averted."

EUR/USD reaction 

The shared currency picked up fresh bids on the upbeat Eurozone Sentix data. EUR/USD is trading at 1.0560, up 0.20% on the day.