Eurozone sentiment recovers slightly in Nov

BERLIN, Nov 10 (Reuters): Sentiment in the euro zone recovered slightly in November after three months of decline as investors took heart that a more dynamic global economy propped up by the United States and Japan could lift the currency bloc, a survey showed on Monday.

Sentix research group's index tracking morale among investors in the euro zone rose to -11.9 in November from -13.7 the previous month, bettering the consensus forecast in a Reuters poll for a reading of -13.5.

"The decline in growth expectations since August came to a halt in November. Statements by the Bank of Japan and the European Central Bank helped boost investors outlook for the next six months," Sentix said in a statement, referring to further stimulus measures by both institutions.

Last week ECB President Mario Draghi said the ground was being prepared for "further measures to be implemented, if needed" while the Bank of Japan announced at the end of October it would expand its quantitative and qualitative easing program.

"Cautious optimism for the euro zone appears appropriate, even if the dangers of recession are not completely overcome and it is not clear how sustainable investors' improved mood will be," Sentix added.