Fidelity warns of peak in business confidence prior to fresh lockdowns in Europe

Sentiment grew in October

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October may mark peak in business confidence as lockdowns return
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October may mark peak in business confidence as lockdowns return

Business sentiment continued to improve in October as economies recovered from the impact of Covid-19 earlier this year, according to a survey of Fidelity analysts.

The monthly poll found that 44% of analysts said management sentiment had improved, while 61% reported that leading indicators for the next six months were positive - the best figures since the pandemic took hold in April. Pridham Report: Resilient quarter for active and passive management However, Fidelity highlighted that the trend of growing business confidence in Europe moderated in October as new cases of Covid-19 began to rise. Having been the most confident region in September's survey, European analysts reported the lowest level of positive responses for last month. The sur...

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