Eurozone Sentix investor confidence plunges amid spread of Wuhan coronavirusChristian Fernsby ▼ | March 9, 2020
Eurozone investor sentiment declined the most on record in March, reflecting fears of a global recession amid the spread of Wuhan coronavirus, results of a closely watched survey revealed today.
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Topics: Eurozone Wuhan coronavirus
The Sentix said the new coronavirus, which is now spreading significantly across the globe and requires consistent measures to contain it, is plunging the global economy into recession.
The think tank noted that never before have economic data from Sentix collapsed so sharply in all regions of the world within a month.
The current conditions index slid to a four-month low of -14.3 from 4.0 in February.
At the same time, the expectations index plunged to -20.0, the lowest since August 2012, from +6.5 in February. This is a "negative surprise" and means that investors
re preparing for a long period of economic weakness, the think tank said.
The survey was conducted among 1,155 investors between March 5 and 7.
The central bank theme index of the survey jumped to an all-time high of 37.75 points, which means nothing other than that investors are demanding a strong signal from monetary policy, Sentix said. ■