Business and household confidence falls more than expected in the eurozone. According to the survey conducted by the European Commission, the benchmark index scores in April 92,8 points, against 94,5 in March. It's about the lowest value in the last year and reflects negative results across all sectors. On average, analysts were expecting a figure of 94,3 points.
The news on the confidence climate in the euro area caused European stock markets to accelerate downwards. At mid-day Milan marks -1,02%, while Paris is in the red by 55% and Frankfurt by 0,41%. Only London was positive (0,12%).
The euro weakens to 1,3213 dollars, while some pressure is recreated on the government bonds of the countries in the periphery of the currency area, causing yields and spreads to rise again. The Italian one is back to reaching 400.
