Global economic upturn boosts eurozone investor mood in January - survey

Investors in the eurozone felt more upbeat in January as they shrugged off the lack of a new government in Germany and the global economy picked up, a survey showed on Monday, but research group Sentix warned there was a risk of overheating. Sentix's index for the eurozone, based on a survey of 929 investors, rose to 32.9 in January from 31.1 in December. That beat the Reuters consensus forecast for a reading of 31.5 and came after a hefty fall at the end of last year. A subindex tracking the current situation hit its highest level since August 2007. "The economy in all regions of the world is looking stable and positive and is showing moderate improvements," the Frankfurt-based research firm said, adding that this applied to regions including the eurozone, eastern Europe and Latin America. "The upturn is therefore broad and synchronous. The likelihood of possible overheating is rising," Sentix added. It said businesses did not seem to be bothered by the absence of a new coalition in Germany, Europe's largest economy, which has been managed by a caretaker government since a September election. Chancellor Angela Merkel's attempts to form a three-way coalition last year failed but...