Eurozone equities saw the biggest fall in sentiment in May, according to the Lloyds Bank Investor Sentiment index, as investors were spooked by the post-election turmoil in Italy.
In the latest survey findings, sentiment to eurozone shares fell 15.6 percentage points to -18.9%, as investors were concerned about the ongoing political saga in Italy, which has seen Prime Minister Giuseppe Conte resign and then return within the space of two weeks. Bloc sentiment has been fluctuating between 0% and -6% this year, according to the index, but took a significant turn after doubts came in about whether the Five Star Movement and Lega would form a coalition and if they would leave the euro. Towards the end of May President Sergio Mattarella rejected the Five Star Moveme...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
