Eurozone Sentix Index weakens unexpectedly in December

Eurozone Sentix Index of investor confidence within the euro zone rose less-than-expected in December month. Report published by Sentix GmbH showed that eurozone investor confidence dropped to a seasonally adjusted 10.0 in December, from 13.1 in the preceding month, missing market expectations for an unchanged reading of 13.1.

Details of the report showed that the expectations index declined notably by 4 points to 8.3 in December. Meanwhile, the current conditions indicator slid to 11.8 from 14 in the prior month.

Germany's investor confidence also deteriorated at the end of the year. The investor sentiment index came in at 27.8, down from 29.2 in November. The survey contrasts with the Ifo business sentiment index published on Nov. 24 that showed company executives remaining upbeat in the face of increased uncertainties following Donald Trump's victory.

"The euro zone is self-absorbed and preoccupied with its own voters. Austria, Italy and also the important elections in 2017 are creating uncertainty. Every election is declared as being a vital vote for or against the euro and clouds the outlook for investors and companies who would prefer a clear picture for investment decisions." Sentix said in a statement.

FxWirePro's Hourly EUR Spot Index was at 113.222 (Highly bullish), while Hourly USD Spot Index was at -44.5709 (Neutral) at 1200 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.