Summary: Euro-zone composite sentiment index falls from 106.7 to 105.0 in April; below expectations; readings again down all sectors with the exception of services; down in three of four largest euro-zone economies; sovereign bond yields modestly higher; index implies GDP growth of 2.6%. The European Commission’s Economic Sentiment Indicator (ESI) is a composite index comprising five differently-weighted sectoral confidence indicators. It is heavily weighted towards confidence surveys from the business...