June 10 Macro data interpretation: Eurozone June Sentix Investor Confidence Index Recommended reading: ★★★
Originally, we did not need to pay attention to the Eurozone Investor Confidence Index for the time being, but the Eurozone just started to cut interest rates last week, and once the interest rate cuts, it will have a great impact on the euro capital, so we pay attention to the performance of the index and then combine it with the euro trend.
Data influence: ★★
Data credibility: ★★
Data: Previous value -3.6, expected -1.8, announced 0.3,
Announcement time: 16:30
Impact:
This investor confidence index has returned the data to positive values, and the index has also ended the negative value for 2 years and 4 months. Along the way, the investor confidence index has been rising and recovering. Finally, after the Eurozone began to cut interest rates last week, the index showed a positive value this week. Judging from the single data, investor confidence has continued to increase, and the economic outlook for the Eurozone is also optimistic.
However, combined with the trend of the euro, after the eurozone cut interest rates last week, the euro rose instead of falling, which once aroused everyone's discussion, but the good times did not last long. After that, it began to accelerate its decline on the eve of the closing of last week, and it continued to fluctuate and fall. At present, the eurozone investor carefulness index has returned to positive again. The euro fell again after a short-term rebound, which is a drop in the bucket.
If the euro does not stop falling, then a large amount of euro capital will inevitably flow out. This makes me worry that after the eurozone cuts interest rates, the United States will always maintain an interest rate differential under high interest rates, which will inevitably plunder most of the capital liquidity. There is little short-term impact on the risk market, and we will continue to pay attention to subsequent developments. Oh, by the way, inflation in the eurozone is not low, and we must consider dealing with internal inflation after the interest rate cut.
