Confidence in euro zone economy near a four-year high

Confidence in the euro zone's economy rose for a fourth straight month in March to its highest since July 2011, a European Commission survey showed on Monday, suggesting the weak euro and lower oil prices are spurring the recovery. The European Commission's economic sentiment indicator rose by 1.6 points to 103.9, better than the 103.1 economists had forecast in a Reuters poll and building on a recovery that began in December. "The recovery is not only gaining momentum but broadening," said Frederik Ducrozet, senior euro zone economist at Credit Agricole. Overall, euro zone households appeared much more optimistic.

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