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Sentix research group's index tracking morale
among investors in the euro zone rose to -11.9 in November from
-13.7 the previous month, bettering the consensus forecast in a
Reuters poll for a reading of -13.5.
"The decline in growth expectations since August came to a halt
in November. Statements by the Bank of Japan and the European
Central Bank helped boost investors outlook for the next six
months," Sentix said in a statement, referring to further
stimulus measures by both institutions.
Last week ECB President Mario Draghi said the ground was being
prepared for "further measures to be implemented, if needed"
while the Bank of Japan announced at the end of October it would
expand its quantitative and qualitative easing program.
"Cautious optimism for the euro zone appears appropriate, even
if the dangers of recession are not completely overcome and it
is not clear how sustainable investors' improved mood will be,"
Sentix added.
A sub-index of expectations for the euro zone's economy
recovered to -2.0 in November, after hitting its lowest level in
two years a month earlier, but investors' perception of the
current economic situation deteriorated a little further.
An index tracking Germany rose to 9.8 from 5.4 in October,
driven by growth momentum in the global economy, but Sentix
added that developments in Ukraine remained a concern for German
firms.
(Reporting by Alexandra Hudson; Editing by Stephen Brown)
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