Eurozone Sentix Climbs to -16.4 but Germany Slumps to -30.9 in Mixed Data

Eurozone Sentix investor confidence improved to -16.4 in May from -19.2, beating expectations with gains in current situation (-21.5) and expectations (-11.3) indices, though Germany deteriorated sharply to -30.9, signaling regional vulnerabilities. This follows Italy's manufacturing PMI beating at 52.1 versus 51.9 expected, with strongest output growth in over three years, and the Eurozone final PMI confirming at 52.2, up from March's 51.6. The mixed signals offer modest short-term EURUSD support amid cost pressures and demand softness, capping upside without broader strength.