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Sentix: 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. In July, the euro-zone composite index rises by 1.4 to +18.5 ... (full story)
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