Morale among investors in the euro zone jumped for the third month in a row in January, buoyed by positive economic news from Asia and signs of an easing in U.S.-China trade tensions.

The Sentix index of investor morale rose to 7.6 points from 0.7 in December, hitting its highest level since November 2018. Expectations reached their highest since February 2018, and current conditions their highest since last June.

"Thus, a recession in the euro zone seems to be off the table for the time being. The recent events surrounding Iran have not unsettled investors," Sentix said of the survey.