Investor morale in the eurozone rebounded more strongly than expected in May, recovering from a sharp drop triggered by US tariff moves last month, Reuters reported citing a Sentix survey released Monday. The Sentix index rose to -8.1 in May from -19.5 in April, beating forecasts of -12.5. The current situation gauge improved to -19.3, its highest level since August 2024, while expectations surged by nearly 20 points to 3.8. "This is remarkable, as it shows that investors have largely abandoned the recession fears they expressed last month," Sentix said, attributing the rebound in part to the EU Commission's measured response to US tariffs. In Germany, the bloc's largest economy, expectations jumped over 20 points to 5.5. Still, Sentix cautioned that global economic uncertainty remains, especially for the US, China and Switzerland, which it identified as the primary victims of the recent US trade policy. Attribution: Reuters Subediting: Y.Yasser
