Eurozone sentix investor confidence index beats expectations, hits highest in almost 10-years

Eurozone sentix investor confidence index improved more than expected in March, hitting its highest level in almost 10 years, data by Frankfurt-based Sentix research group showed on Monday. Euro zone sentix index rose to 20.7 points, to hit its highest level since August 2007, beating consensus at 18.5 in a Reuters poll of analysts.

An index tracking Germany, the euro zone's largest economy, rose to 34.1 from 31.3 in February. The indices for the US and Japan also edged higher. A sub-index measuring investor assessment of the current situation in the euro zone also rose to its highest level since May 2011.

"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."