Summary: Euro-zone composite sentiment index down in March, below expectations; readings down in all five sectors; up in two of four largest euro-zone economies; German, French 10-year yields moderately higher; index implies annual GDP growth rate of 1.2%. 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 sector, with the consumer...