February 6, 2017 / 9:49 AM / in 10 months

Trump's actions weigh on euro zone investor morale - Sentix

BERLIN, Feb 6 (Reuters) - Investor sentiment in the euro zone deteriorated slightly in February due to concerns that U.S. President Donald Trump’s policy course will weigh on the global economy, a survey showed on Monday.

U.S. President Donald Trump applauses as a marching band performs while he arrives at Trump International Golf club to watch the Super Bowl LI between New England Patriots and Atlanta Falcons in West Palm Beach, Florida, U.S., February 5, 2017. REUTERS/Carlos Barria

The Sentix euro zone index fell to 17.4 points from

January’s 18.2. The February reading from the Frankfurt-based

research group was exactly in line with the consensus forecast

in a Reuters poll of analysts. EUSTCS=ECI

”Investors are reacting to Donald Trump’s first official

acts and see in these a burden for the global economy,” Sentix

said in a statement.

Investors viewed the euro zone’s current conditions more

favourably, with a sub-index rising in February to 20.5 - the

highest since May 2011 - from 16.5 in January.

Expectations for economic developments in the euro zone

deteriorated, slipping to 14.3 from 20.0. Sentix noted, however,

that the February expectations reading was still above

December’s reading of 11.8.

An index tracking Germany, the euro zone’s largest economy,

fell to 31.3 in February from 33.1 in January.

Trump has said the European Union has become a “vehicle” for

German interests and predicts that more member states would

leave the bloc as Britain did last June.

Trump has also warned German car companies that he would

impose a border tax of 35 percent on vehicles imported to the

U.S. market. His top trade adviser has accused Germany of using

a “grossly undervalued” euro to gain advantage over the United

States and its own EU partners.

Sentix polled 1,107 investors between Feb. 2 and Feb. 4.

(Writing by Paul Carrel; Editing by Ruth Pitchford)

((paul.carrel@thomsonreuters.com; ; +49 30 2888 5216; Reuters

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