– Investor sentiment as calculated by German group Sentix rose for the fourth month in a row and exceeded expectations, with sentiment toward Germany rebounding faster than in other European Union countries.
– The UK, where a 14-day quarantine has been reintroduced for travelers from Spain, said it was monitoring the situation elsewhere in Europe. The government “would not hesitate” to impose a similar measure on other countries such as France if the situation demands it, Chancellor of the Exchequer Rishi Sunak said this weekend.
Perspectives: Investor and business sentiment is likely to remain volatile in the months ahead, with fears rising and then diminishing over the prospect of further foreclosure measures. With uncertainty prevailing, all of these surveys, often based on the mood of the moment, should be taken with a pinch of salt. By contrast, real hard data – like Q3 GDP coming later this week – should be taken more seriously, with the caveat that it says little about the results of the recovery: investor behavior and consumers remains far too unpredictable.