Mubasher: Investor confidence in the Eurozone saw a meagre improvement in September, but the economic situation in the bloc remained uncertain, according to survey result.

Frankfurt-headquartered Sentix research group’s sentiment index for the Eurozone rose to -11.1, compared with a reading of -13.7 in August, according to a poll of 920 investors running from 5 to 7 September.

Investors’ economic outlook also improved, with the respective sub-gauge rising to -12.8, up from -20 in August.

However, a deterioration in the assessment of the current situation persisted for the fourth consecutive month at -9.5, the weakest reading since January 2015.

The research group highlighted hints from US President Donald Trump on some progress towards reaching a resolution to the prolonged trade conflict between the world’s leading two economies.

However, “after the bad experiences with US President Trump’s tweets, however, hardly anyone is prepared to make an advance payment here,” Sentix managing director Manfred Huebner said.

This came amid expectations of “real wonders” at the European Central Bank’s (ECB) next policy meeting, Huebner added.

The ECB is widely hoped to launch new stimulus measures at its Thursday meeting.

By 12:10 pm GMT, the EUR/USD pair edged up 0.05% to $1.1034.