Euro zone defies Greek crisis

Despite the increasing confusion surrounding the fate of Greece the composite index for the euro zone rises in July. While investors’ 6-month expectations remain about stable, their assessments of the current situation improve significantly. This constellation signals that market participants already behave as if the euro area was in a boom! In addition, the strong rise of the US index stands out. At the same time, though, the picture for the emerging-markets regions gets ever cloudier which, all in all, points to a world economy losing further steam.

   Full report July 2015

Headlines of the month

  • In July, the euro-zone composite index rises by 1.4 to +18.5 points. Despite the crisis surrounding Greece investors perceive the euro-area economy as stronger than last month, and now actually behave as if the euro zone was in a boom!
  • Also of note is the jump of the US index, hitting +24.4 after +20.8 points. The US thus leave their spring fever behind, making a rate hike by the Fed in the next months highly likely.
  • Once more, the weak spot is the emerging-markets regions. Especially for Asia ex Japan investors’ perceptions concerning the economy are becoming gloomier. As a result, the composite index for the “Global Aggregate” again decreases slightly.

More sentix Economic indices

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