Euro-zone Optimism Running at Two-Year High
Euro-zone Optimism Running at Two-Year High (Reuters)
If you’re an investor who has been waiting for the tables to turn in Europe, now may be the time you think about jumping back in. At least that’s the sentiment this month as the European Commission reported that the 17-nation bloc’s morale rose faster than anticipated in September, moving from 95.3 to 96.9. That figure represents the highest reading for morale since August of 2011, and the fifth month straight of improvement. The optimism is certainly being driven, in part, by the region’s modest economic growth of 0.3 percent in the second quarter of 2013. Euro-zone leaders expect the growth to continue into 2014. And investors would like to see them proven right.