The Eurozone Sentix Investor Confidence index improved to -30.9  in November from -38.3 in October vs. -35.0 expected. The index rebounded from its lowest level since March 2020.

The current situation in the Eurozone increased to -29.5 points in November from -35.5 in October.

An expectations index jumped to -32.3 from -41.0, hitting its highest value since June 2022.

Key takeaways

The uptick is "not a trend reversal".

"The rise in situation and expectation values shows how sensitively investors react in their economic expectations to signals from the energy market.”

"Spot market gas prices collapsed in response. Concerns about a catastrophic gas shortage are fading.”

EUR/USD reaction 

The shared currency remains unimpressed by the upbeat Eurozone Sentix data. EUR/USD is trading at 0.9981, up 0.22% on the day, having faced rejection above parity.