Summary: Euro-zone composite sentiment index up sharply; well above expectations; results from major euro-zone economies all up; sovereign bond yields up, especially French yields; index now implies euro-zone GDP expansion. The European Commission’s Economic Sentiment Indicator (ESI) is a composite index comprised of five differently-weighted sectoral confidence indicators. It is heavily weighted towards confidence surveys from the business sector, with the consumer confidence sub-index only accounting for 20% of...