Eurozone economic confidence hits decade high

MADRID: Eurozone economic confidence jumped to the highest level in a decade as the European Central Bank edged toward unwinding unprecedented stimulus.

An index of executive and consumer sentiment rose to 111.1 in June from 109.2 in May, the European Commission in Brussels said. The reading is the strongest since August 2007 and compares with a median estimate of 109.5 in a Bloomberg survey of economists. The report comes two days after ECB president Mario Draghi confounded investors by arguing that there’s room to adjust stimulus measures as the economy improves, even though he called for prudence and patience.