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The
Frankfurt-based Sentix research group's euro zone index rose to
20.7 points, reaching its highest level since August 2007. It
was above the consensus reading of 18.5 in a Reuters poll of
analysts.
"All the expectation components for the global economic regions
rose and cast the decline of last month in a new light," Sentix
said in a statement. "Therefore the potential threat of a sudden
halt to the economic recovery is off the table."
The index had last month edged down to 17.4 from 18.2 in January
on concerns that U.S. President Donald Trump's policy course
would weigh on the global economy.
A sub-index measuring investor assessment of the current
situation in the euro zone also rose to its highest level since
May 2011.
An index tracking Germany, the euro zone's largest economy, rose
to 34.1 from 31.3 in February. The indices for the United States
and Japan also rose.
"Trump's motto 'Make America great again' is having an effect,"
Sentix wrote.
U.S. stocks have risen to record highs since Trump's election
after he vowed to remove some of the regulations introduced
after the financial crisis and to boost spending on the military
and infrastructure.
"In addition to the main regions, the positive economic momentum
for emerging markets is retained," Sentix said. It noted that
Sentix polled 1,081 investors March 2-4.
(Reporting by Joseph Nasr; Editing by Toby Chopra)
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