The European Commission said its economic sentiment index for the euro area fell to 101.1 in June from 101.8 in May, its sixth consecutive monthly slide.
Its economic sentiment index for the eurozone rose to 89.2 from 87.8 in December, still well below the 100 level that marks the boundary between overall optimism and pessimism.
The German Unemployment Change figures showed that 20K workers fell off the registry of the unemployed during June and the overall Euro zone Economic Sentiment Index improved to a reading of 101.3.
There was also more weak economic data coming out of Germany Tuesday, where the ZEW index of economic sentiment fell sharply.
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Adding to the day's upbeat tone was an unexpected rise in German economic sentiment, as measured by the ZEW economic expectations index, and an upgrade by the International Monetary Fund to its global growth forecasts for 2012 and 2013.
The European Commission's index of economic sentiment increased to 110.3 in October, a five-year high.
Still, the market also got a weaker-than-forecast economic report from Germany, as the ZEW sentiment index fell to minus 25.5 in August from minus 19.6 in July.
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The index initially traded higher following well-received German ZEW economic-sentiment data.
U.S. economic data due for release Thursday includes the third-quarter GDP estimate, the weekly jobless claims report, the Chicago Fed national activity index, the University of Michigan consumer sentiment survey, the U.S. house price index and leading economic indicators.
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The ZEW economic-sentiment indicator dropped more than expected in April, helping send Germany's DAX index down 0.4%.
U.S. economic data due for release Friday includes the producer price index and the University of Michigan consumer sentiment survey.
U.S. economic data due for release Friday includes the producer price index, the University of Michigan consumer sentiment survey, and the monthly Treasury budget statement.
Friday: The economic calendar is relatively heavy with the release of export and import prices along with the preliminary University of Michigan consumer sentiment index.
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