The optimism about the ability to restore growth in the Eurozone is one of the most important factors that the single currency needs to confront the higher-for-longer interest rates in the US, which feeds the gains of Treasury bonds and deepens the yield gap.
This continuous decline in pessimism comes with improved sentiment about the future of the economy, albeit weak, higher income expectations, and lower willingness to save, in addition to a slight improvement in the willingness to buy, according to the GfK survey.
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