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The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.
***N.B. ~ U.S. bond & equity markets closed on Monday, May 27th for Memorial Day holiday.

Monday, May 7, 2012

Investor Confidence in Europe at Lowest Level Since July 2009

Data released on May 7th shows that Sentix Investor Confidence in Europe is now at its lowest level since July 2009, as shown on the graph below. Economic pessimism is accelerating.

Since it's a "leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity," this can only mean that economic conditions will worsen in Europe.