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

Sentiment grew in October

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...